QIC has acquired Pacific Energy for an undisclosed amount, marking a significant transaction in Australia's sustainable distributed energy sector. This acquisition sees a prominent investment manager take ownership of a long-standing Australian energy solutions provider. Pacific Energy, operating for over four decades, is a market leader known for delivering integrated renewable and traditional power generation solutions across the nation.
Pacific Energy stands out as a vertically integrated provider, offering clients a complete in-house experience from design and manufacturing to construction, commissioning, operations, and maintenance. The company manages 946MW of contracted capacity across 46 owned-and-operated assets nationally. Its expertise spans various energy technologies, including solar, wind, green hydrogen, and battery energy storage, focusing on maximising efficiencies and minimising emissions in new and existing power systems.
This acquisition is strategically aligned with the growing global emphasis on energy transition and sustainable infrastructure. For QIC, the purchase of Pacific Energy represents an investment in a critical player at the forefront of Australia's shift towards cleaner energy. The move is expected to leverage Pacific Energy’s proven operational capabilities and market leadership, supported by QIC’s investment backing, to accelerate growth and further develop innovative energy solutions.
The synergy between QIC's investment capabilities and Pacific Energy's deep industry expertise is anticipated to strengthen the combined entity's position in the rapidly evolving energy landscape. Looking forward, the acquisition aims to expand Pacific Energy’s reach and enhance its capacity to deliver essential, sustainable power solutions, driving Australia’s clean energy transition at an accelerated pace.