Australia-Pacific: A new era for clean energy

The Australian renewable energy industry is set for a revolution, the scale of which has not been seen since the Snowy Mountains Scheme was developed more than half a century ago.

Up to an estimated $25 billion to be invested in new carbon-free electricity generation over the next decade, Pacific Hydro, as the Australian wind-energy expert, will play a key role in this growing market.

Under the Federal Government's 20 per cent renewable energy target, more than 6,000MW of new wind power are expected to be developed by 2020. As a pioneer of the Australian wind energy industry, Pacific Hydro is well placed to build on its existing portfolio of wind farms and aims to capture a 20 per cent share of the Australian wind power market. To meet this goal we intend to construct up to 150MW of new wind farm capacity every year over the next 12 years, with 750MW of new projects due to come online within the next five years.

Currently, we have 400MW of projects in development across Western Australia, South Australia and Victoria.

Our five operating wind farms in Victoria currently abate an estimated 900.000 tonnes of greenhouse gas pollution every year.

Beyond wind, Pacific Hydro will continue to assess opportunities for conventional geothermal energy through the licences it holds in the Great Artesian Basin in South Australia. With the potential to deliver base load zero-emission energy at a commercially viable price, geothermal energy will attract increasing attention and support from governments and investors alike in coming years.

Elsewhere in the Pacific, we will maintain our operating projects in the Philippines, and assess project development and investment opportunities in that country as they arise.

The introduction of an emissions trading scheme in Australia by 2011 will provide additional value for developers of clean energy projects. A carbon price will be added to traditional energy sources such as coal and gas, which currently account for more than 90 per cent of the country's electricity generation. Through our carbon services business, Perenia, we will be ready to capture a significant share of Australia's emerging carbon credit market.

Our Aim

To be Australia's largest clean energy business

20%

To have a 20 per cent share of the domestic
wind energy market by 2020

1000MW

To have a geographically diverse portfolio
of 1000MW operating by 2013

A$2.1B

More than A$2.1 billion of capital investment
in new projects in the next five years