Australian Utilities Combine Wind, Hydro Assets

Wind farm developments and mini-hydroelectric plants owned by Meridian Energy of New Zealand will soon be a part of the daily routine for Australian assets management company Southern Hydro.

July 19, 2004 [SolarAccess.com] The Australian wind farm assets that have been established over the last three years by Meridian, together with the hydro assets that the company purchased from Power Facilities in 2001, will be consolidated under the ownership of Meridian’s flagship Australian investment, Southern Hydro, which was purchased by Meridian in 2003. The consolidation encompasses wind farm developments such as those at Dollar in Victoria and Wattle Point in South Australia, as well as 62MW of mini-hydro assets situated in New South Wales. Currently, Southern Hydro is the largest privatized hydroelectric company in Australia, with ten power stations and a dedicated hydroelectric expert workforce of 85 based in regional and rural Australia. It has a total capacity of 541MW and produces, on average, 941GWh annually.

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