Pacific Hydro was founded in Australia in 1992 and is an independent, global owner, operator and developer of wind and hydro renewable energy assets. Pacific Hydro has a high quality and diversified portfolio of 19 operating assets with an installed capacity of ~900 MW / 713 MW across Chile, Australia and Brazil. It also has a substantial pipeline of development projects, with potential additional installed capacity of ~1.7 GW / ~ 1.5 GW from 19 further projects across its three markets and a growing electricity retail platform in Australia.
The company has an established track record of identification, development and operation of renewable energy assets and has significant in-house expertise in each of the Chilean, Australian and Brazilian markets. Pacific Hydro has been active in the Australian renewable energy market since the early 1990s, delivering 349 MW of projects. The Company has operated in the Chilean market since 2002, establishing itself as one of the most successful renewable energy market participants, having delivered (with its partners) three large-scale run-of-river hydro projects since 2010. It has also developed two wind projects in Brazil following entry into that market in 2006.
Pacific Hydro was acquired by State Power Investment Corporation (SPIC) through State Power Investment Overseas of China (SPIC Overseas) in January 2016, after obtaining FIRB approval 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 100GW. 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.
Prior to 2016 Pacific Hydro was owned by IFM Investors which de-listed it from the Australian Securities Exchange in 2005. During this time, the company grew substantially into a global renewable platform. Installed capacity increased from 247 MW in 2005 to 713 MW. Since 2005, Pacific Hydro has commissioned: 206 MW from four wind generation projects in Australia; 423 MW from three major run-of-river hydro projects with partners in Chile; and 58 MW from two wind generation projects in Brazil.
Pacific Hydro’s operating assets in Australia currently abate an estimated 900,000 tonnes of greenhouse gas pollution every year.
In Australia, we also offer a range of retail electricity products to businesses and homes.