About Pacific Hydro Australia
Founded in Australia in 1992, Pacific Hydro is a global renewable energy owner, operator and developer. With a high quality, diversified portfolio of 19 operating assets and an installed capacity of ~750 MW across Chile, Australia and Brazil, it also has a substantial number of development projects totalling over 1.7 GW of potential capacity, and a growing electricity retail business in Australia.
Pacific Hydro has an established track record of identification, development, and operation of renewable energy assets and significant in-house expertise. It has been active in Australia since the early 1990s, with over 350 MW of installed wind and hydro capacity; since 2002 in Chile it has delivered (with its partners) three large-scale run-of-river hydro projects; and since 2006 in Brazil two operational wind assets and a solid pipeline of projects currently under development.
Pacific Hydro was acquired by the State Power Investment Corporation (SPIC) through State Power Investment Overseas of China (SPIC Overseas) in January 2016, after obtaining approval from the Australian Government’s Foreign Investment Review Board (FIRB) and participating in a highly competitive international sale process.
SPIC is one of the top five power generation groups in China, with US$113 Billion total assets and a total installed capacity that exceeds 100 GW. SPIC operates in the generation, coal, aluminium, logistics, finance, environmental protection and high technology industries. SPIC has a presence in 36 countries and regions abroad, including Australia, Chile, Malta, Japan, Brazil, Turkey and Vietnam.
Pacific Hydro’s operating assets in Australia currently abate over 900,000 tonnes of greenhouse gas pollution every year.
Pacific Hydro has built a strong reputation for engaging with the communities within which it operates and has a track record of collaborating with local communities to deliver lasting benefits.