January 13, 2017 |
State Power Investment Corp/Pacific Hydro
When China's State Power Investment Corporation (SPIC) lined up the acquisition of Pacific Hydro, the Australia-based renewable energy company's assets in Latin America accounted for some 70% of the roughly $3 billion package.
Pacific Hydro's five operating hydro plants in Chile represented between 50% and 60% of the price, while two wind farms in Brazil made up 10%. Pacific Hydro has 13 projects in Australia, which accounted for 30% of the package.
The company recently started construction on a new wind farm in Chile and it has another six hydro projects in its sights, along with two future wind farms in Brazil. But Pacific Hydro's development pipel
This multi-country deal impressed for its size, complexity and speed of execution