Pacific Hydro awarded ‘Best Project Developer – Asia Pacific’

22 December 2010

Leading Australian renewable energy company, Pacific Hydro has been awarded the “Best Project Developer – Asia Pacific’ in the annual Environmental Finance and Carbon Finance market survey.

The survey conducted in October and November by the two leading global publications covering environmental markets, Environmental Finance and Carbon Finance, is considered as “the most closely watched poll of sentiment across carbon, renewable energy, weather risk and US emissions markets”. The results reveal those firms that their clients, peers and competitors have judged to have provided the best service over the previous twelve months.

Pacific Hydro Chief Executive Officer, Mr Rob Grant, said that the company was honoured to be recognised in this way.

“Pacific Hydro strives to lead the way in responsible renewable energy development, not only working closely with all stakeholders throughout the life cycle of our projects, but also advocating for action on climate change and best practice abatement policy”, he said. “Receiving the Best Project Developer – Asia Pacific award and being recognised by our peers and competitors in this way, is a wonderful affirmation that we are doing things well.”

Owned by Industry Funds Management, Pacific Hydro provides sustainable infrastructure investment opportunities for around 5 million Australian superannuants through the Industry Super Funds.

Pacific Hydro’s activities span several continents with projects operating in the Philippines, Chile and Brazil, as well as in Australia. The company is also active in international carbon markets working under the Clean Development Mechanism of the Kyoto Protocol.

While in Australia the company currently owns and operates six wind farms as well as the Ord hydro project that powers the East Kimberley towns of Kununurra and Wyndham. It is also investigating solar and geothermal opportunities.

“Australia has some of the best renewable energy resources in the world creating an enormous opportunity for new clean energy generation”, explained Mr Grant. “In an increasingly carbon constrained world, with demand for new energy generation rising steadily, Australia’s clean energy resources mean that we have an opportunity to be a leader in renewable energy generation.”