Founded in 1992, Pacific Hydro Australia is a leading owner, operator and developer of renewable energy assets. It operates a high quality, diversified portfolio of wind, hydro and solar assets with an installed capacity of 665 MW; it also has a development pipeline of substantial projects totalling over 1300 MW of potential capacity, as well as over 300 MW of energy storage solutions. It also has a growing electricity retail business, Tango Energy, with over 86,000 customers.
With a strong reputation for engaging and collaborating with the communities where it operates, Pacific Hydro has a track record of delivering lasting, sustainable benefits. Its operating assets currently abate over one million tonnes of greenhouse gas pollution every year.
Pacific Hydro was acquired by the State Power Investment Corporation (SPIC) in January 2016, after obtaining approval from the Australian Government’s Foreign Investment Review Board and participating in a highly competitive international sale process.
SPIC is one of the top five power generation groups in China, with US$154 billion total assets and a total installed capacity that exceeds 131 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.