RENEWABLE ENERGY

Pacific Hydro projects to be reviewed under new ownership

MELBOURNE-based pension funds manager Industry Funds Management (IFM) will review all of Pacific Hydro's projects by the end of this month, general manager Damian Moloney told Bloomberg on Friday.

Pacific Hydro projects to be reviewed under new ownership

Pacific Hydro is developing hydro-electric projects and wind farms in Australia, Chile, South-East Asia and in the Pacific.

The plan was to bring forward some projects constrained because of the capital raising requirements of the listed market, Maloney told the news agency.

Pacific Hydro will be delisted from the ASX this week and was removed from the ASX 200 index at close of trade yesterday.

The review of its proposed projects follows IFM securing more than 90% of the hydro and wind energy generator on Friday for $A788 million.

Most of the green energy producer's future will be in investments in other countries, Maloney said.

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