27 Feb 2002 – Australian renewable energy company Pacific Hydro Ltd has selected Danish manufacturer NEG Micon as the preferred wind turbine supplier for its $A300m ($153.96m) Portland Wind Energy Project (PWEP).

NEG Micon will be the preferred wind turbine supplier for a 400-wind generator frame agreement that includes the Portland project in Victoria. “We chose NEG Micon after an intensive 15 month selection process that included all major global wind turbine suppliers,” Pacific Hydro chief operating officer Roy Adair said.

“NEG Micon is a world class manufacturer of high quality equipment and we look forward to a long and prosperous relationship. “Their commitment to local manufacturing, which is conditional on the PWEP obtaining planning approval, will mean we can ultimately achieve up to 90 per cent local content for future wind farm projects including nacelle assembly, tower fabrication and blade manufacturing.”

Mr Adair said there was also an opportunity for Victoria to become the wind turbine manufacturing centre for Australian and South East Asian markets which would result in more than 2000 direct and indirect jobs in rural and regional Victoria.

The PWEP is a 120-generator wind farm proposal that Pacific Hydro said would provide enough zero emission energy for over 100 000 Victorian homes.

The company said the project was expected to obtain state and federal government approval by July.

Pacific Hydro yesterday posted a 37 per cent boost in first half net profit to $A22m ($11.29 million), putting the company on track to easily beat the 2000/01 year’s net profit
of $A26.9m ($13.81m).