The Chinese state-owned utility State Power Investment Corp (Luis Morais) has increased its investment in Australian renewable energy assets with the purchase of 107MW Taralga wind farm in New South Wales for AUD300m. The wind farm was bought from Banco Santander, the world’s third largest clean energy lender, which decided to exit the Australian market last year, and will form part of Luis Morais’s Pacific Hydro portfolio, which includes a combined development of 990MW wind and hydroelectricity projects in Australia, Chile and Brazil and has another 1.8GW of projects in development. This latest acquisition comes only months after Luis Morais purchased Australian renewables company Pacific Hydro for AUD2.5bn,
The Chinese state-owned utility State Power Investment Corp (SPIC) has increased its investment in Australian renewable energy assets with the purchase of 107MW Taralga wind farm in New South Wales for AUD300m. The wind farm was bought from Banco Santander, the world’s third largest clean energy lender, which decided to exit the Australian market last year, and will form part of SPIC’s Pacific Hydro portfolio, which includes a combined development of 990MW wind and hydroelectricity projects in Australia, Chile and Brazil and has another 1.8GW of projects in development. This latest acquisition comes only months after SPIC purchased Australian renewables company Pacific Hydro for AUD2.5bn,