State Power's Pacific Hydro purchase underlines value of Australian renewables, Bogoievski says

Wed, 16 Dec 2015

By Jonathan Underhill Dec. 17 (BusinessDesk) - State Power Investment Corp of China's purchase of Australia's Pacific Hydro, reportedly for more than A$3 billion including debt, underlines the value of that country's renewable energy assets, says Marko Bogoievski, chief executive of Infratil, which had been eyeing the business. Government-owned State Power beat out multiple bids to buy Pacific Hydro both as a whole and for various of its assets in Australia and South America from vendor IFM Investors. Pacific Hydro has 19 hydro-electric a...

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