Pacific Blue (company)

Last updated

Pacific Blue
Industry Electricity
Founded1992
Headquarters,
Australia
Area served
Australia
Key people
Dominic Capomolla(CEO) [1]
ProductsElectricity
ServicesElectricity retailing
Parent State Power Investment Corporation
Subsidiaries Pacific Blue Australia
Website www.pacificblue.com.au

Pacific Blue (formerly Pacific Hydro) is an electricity generation and retailing company headquartered in Melbourne, Australia. The company was founded in 1992 and was soon floated on the Australian Securities Exchange, it was later bought by a consortium of industry superannuation funds and delisted. It is now owned by China's State Power Investment Corporation. [2]

Contents

The company builds and operates renewable energy projects, initially hydro electricity on irrigation dams, before opening its first wind farm in 2010. [3] Pacific Blue develops hydro, wind, solar and geothermal power projects.

The company is also active in the carbon market in the production and trading of carbon credits from its run-of-river hydro projects registered under the Clean Development Mechanism of the Kyoto Protocol.

Pacific Blue is one of the pioneers of renewable energy development in Australia. Pacific Blue developed the first commercial wind farm in Victoria and today operates a high quality, diversified portfolio of wind, solar and hydro renewable assets in Australia, with a total generation capacity of over 660 MW and a significant pipeline of over 2 GW across the National Electricity Market (NEM). [4]

In 2012, Pacific Blue's retail arm began operations under the brand name Tango Energy, selling electricity and natural gas to consumers in Victoria. [5]

In April 2023, Tango Energy Pty Ltd was renamed Pacific Blue Retail Pty Ltd, providing energy products to customers under the Pacific Blue Retail and Tango Energy brands. Its certified carbon neutral products will be available through its Pacific Blue Retail brand. [6]

Power stations

Power stations owned and operated by Pacific Blue include:

Wind

Water

Solar

Related Research Articles

Meridian Energy Limited is a New Zealand electricity generator and retailer. The company generates the largest proportion of New Zealand's electricity, generating 35 percent of the country's electricity in the year ending December 2014, and is the fourth largest retailer, with 14 percent of market share in terms of customers as of December 2015.

<span class="mw-page-title-main">ActewAGL</span>

ActewAGL is an Australian multi-utility joint venture company provides utility services in the Australian Capital Territory (ACT) and south-east New South Wales. The company was formed in October 2000 between the Australian Gas Light Company and ACTEW Corporation.

EnergyAustralia is an electricity generation, electricity and gas retailing private company in Australia. It is one of the "big three" retailers in the National Electricity Market. It generates electricity primarily using coal fired generation, at the Yallourn Power Station in Victoria, and the Mount Piper Power Station in New South Wales. 10% of its generation is from wind power, 32% from gas, and 58% from coal. It is Australia's second biggest emitter of greenhouse gases, after AGL Energy. As a loss making company in 2023, its parent in Hong Kong, CLP Group, has stated that it is looking for partners for renewable energy investment, however as of this time, there were no plans to build new renewable energy itself.

<span class="mw-page-title-main">Iberdrola</span> Spanish multinational electric utility company

Iberdrola, S.A. is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers.

<span class="mw-page-title-main">Wind power in Australia</span>

Wind power, derived from wind turbines, plays a crucial role in Australia’s energy sector. As of October 2023, the nation has an installed wind capacity of around 9,100 megawatts (MW), making wind power a key component of Australia's energy landscape. It accounts for approximately 5% of the country's total primary energy supply and 35% of its renewable energy supply. Australia's geographical features, including its southern regions and the eastern slopes of the Great Dividing Range, are particularly conducive to wind energy development. Notably, nearly half of Australia's wind farms are situated in coastal areas.

<span class="mw-page-title-main">AGL Energy</span> Australian electricity generator and retailer

AGL Energy Ltd is an Australian listed public company involved in both the generation and retailing of electricity and gas for residential and commercial use. It is one of the "big three" retailers in the National Electricity Market. AGL is Australia's largest electricity generator, and the nation's largest carbon emitter. In 2022, 83% of its energy came from burning coal.

<span class="mw-page-title-main">Solar power in Australia</span>

Solar power is a major contributor to electricity supply in Australia. As of December 2023, Australia's over 3.69 million solar PV installations had a combined capacity of 34.2 GW photovoltaic (PV) solar power. In 2019, 59 solar PV projects with a combined capacity of 2,881 MW were either under construction, constructed or due to start construction having reached financial closure. Solar accounted for 12.4% of Australia's total electrical energy production in 2021.

<span class="mw-page-title-main">Energy policy of Australia</span>

The energy policy of Australia is subject to the regulatory and fiscal influence of all three levels of government in Australia, although only the State and Federal levels determine policy for primary industries such as coal. Federal policies for energy in Australia continue to support the coal mining and natural gas industries through subsidies for fossil fuel use and production. Australia is the 10th most coal-dependent country in the world. Coal and natural gas, along with oil-based products, are currently the primary sources of Australian energy usage and the coal industry produces over 30% of Australia's total greenhouse gas emissions. In 2018 Australia was the 8th highest emitter of greenhouse gases per capita in the world.

<span class="mw-page-title-main">Wind power in South Australia</span> South Australian use of wind turbines to generate electricity

Wind power became a significant energy source within South Australia over the first two decades of the 21st century. In 2015, there was an installed capacity of 1,475 MW, which accounted for 34% of electricity production in the state. This accounted for 35% of Australia's installed wind power capacity. In 2021, there was an installed capacity of 2052.95 MW, which accounted for 42.1% of the electricity production in the state in 2020.

<span class="mw-page-title-main">Renewable energy in Australia</span>

Renewable energy in Australia is mainly based on biomass, solar, wind, and hydro generation. Over a third of electricity is generated from renewables, and is increasing, with a target to phase out coal power before 2040. Wind energy and rooftop solar have particularly grown since 2010. The growth has been stimulated by government energy policy in order to limit the rate of climate change in Australia that has been brought about by the use of fossil fuels. Pros and cons of various types of renewable energy are being investigated, and more recently there have been trials of green hydrogen and wave power.

<span class="mw-page-title-main">Energy in Victoria</span>

Energy in Victoria, Australia is generated using a number of fuels or technologies, including coal, natural gas and renewable energy sources. Brown coal, historically, was the main primary energy source for the generation of electricity in the state, accounting for about 85% of electricity generation in 2008. The amount of coal-fired power has decreased significantly with the closure in 2017 of the Hazelwood power station which supplied around 20% of Victoria's electricity, and to a lesser extent with the exit of Anglesea power station in 2015. Brown coal is one of the largest contributors to Australia's total domestic greenhouse gas emissions and a source of controversy for the country. Australia is one of the highest polluters of greenhouse gas per capita in the world.

The Australian Energy Market Operator (AEMO) performs an array of gas and electricity market, operational, development and planning functions. It manages the National Electricity Market (NEM), the Wholesale Electricity Market (WA) (WEM) and the Victorian gas transmission network. AEMO also facilitates electricity and gas full retail contestability, overseeing these retail markets in eastern and southern Australia. It is additionally responsible for national transmission planning for electricity and the establishment of a Short Term Trading Market (STTM) for gas.

<span class="mw-page-title-main">Energy in Australia</span> Overview of energy in Australia

Energy in Australia is the production in Australia of energy and electricity, for consumption or export. Energy policy of Australia describes the politics of Australia as it relates to energy.

Renewable energy in Thailand is a developing sector that addresses the country’s present high rate of carbon emissions. Several policies, such as the Thirteenth Plan or the Alternative Energy Development Plan, set future goals for increasing the capacity of renewable energy and reduce the reliance of nonrenewable energy. The major sources of renewable energy in Thailand are hydro power, solar power, wind power, and biomass, with biomass currently accounting for the majority of production. Thailand’s growth is hoped to lead to renewable energy cost reduction and increased investment.

<span class="mw-page-title-main">Electricity sector in Australia</span>

The electricity sector in Australia has been historically dominated by coal-fired power stations, but renewables are forming a rapidly growing fraction of supply. In 2021, Australia's electricity production reached 265 TWh, with coal accounting for 52.9% and natural gas for 18.8%. Renewable sources, comprising solar, wind, hydro, and bioenergy with waste, collectively made up 26.7% of the total electricity generation mix.

<span class="mw-page-title-main">Tilt Renewables</span> Australian utilities company

Tilt Renewables Pty Ltd is an Australian electricity generation company. It was previously dual listed on the New Zealand stock exchange and Australian stock exchange. As of 2022, the Powering Australian Renewables has merged with Tilt Renewables following a complex acquisition and merger, making it the largest private developer and generator of renewable electricity in Australia.

ACEN Corporation, formerly AC Energy, is the energy firm under the Ayala Group. The company has over 4,000 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia, with a renewable share of 98% which is among the highest in the region.

Tasmania, as an advanced economy with a globally high standard of living, uses a great deal of energy. Distinctive features of energy use in Tasmania include the high fraction of hydroelectricity usage, the absence of coal-fired electrical generation, relatively light usage of natural gas, particularly for domestic use, and a wide use of domestic wood-burning stoves. Energy production through hydroelectricity has been politically contentious, and conflicts over Tasmanian hydroelectric projects were integral to the formation of Green parties in Australia and across the world.

Shell Energy Australia provides gas, electricity, environmental products and energy productivity services to commercial and industrial customers.

References

  1. "Our Management". pacificblue.com.au. Retrieved 6 June 2023.
  2. "China State Power Investment snaps up Pacific Hydro". Sydney Morning Herald. 16 December 2015. Retrieved 9 January 2016.
  3. "Pacific Hydro welcomes Keyneton wind farm approval". businessspectator.com.au. 9 December 2013. Retrieved 17 February 2014.
  4. "Re 2023 Transmission Expansion Options Report Consultation". Australian Energy Market Operator.
  5. "Who we are | Tango Energy". www.tangoenergy.com.au. Retrieved 8 June 2023.
  6. "Pacific Blue Retail". Climate Active.
  7. "Victorian hydro plants". Projects: Operations. Pacific Blue. 2023. Retrieved 6 June 2023.