- Pacific American Holdings (PAK) has appointed Nigel Turner as CEO of its renewable energy joint venture initiative, GP Hydro
- GP Hydro is a 50:50 joint venture between Pacific American and Global Hydro GMBH, an Austrian company leading the renewable energy hydro sector
- This joint venture has been created to develop micro-hydro projects and hybrid renewable projects in Australia and the Pacific region
- PAK says the joint venture is well-positioned to support specific industries such as mining, agriculture and community development
- Pacific American’s share price has remained steady today, closing with shares worth one cent each
Pacific American Holdings (PAK) has appointed Nigel Turner as CEO of its renewable energy joint venture initiative, GP Hydro.
Nigel is an industry expert with a track record of building pipelines of renewable projects and establishing networks.
He comes from an electrical trade background and has experience working in Australia and the Pacific.
“I feel very privileged and excited with my appointment as CEO of GP Hydro. The synergies between the joint venture parties Pacific American Holdings and Global Hydro will present many opportunities for the business to bring reliable green energy into areas deemed difficult to service in the past,” Nigel said.
“I look forward to leading the business and growing the product and service offering of GP Hydro as we realise the potential within the Australian and South Pacific Region,” he added.
What is GP Hydro?
GP Hydro is a 50:50 joint venture between Pacific American and Global Hydro GMBH, an Austrian company leading the renewable energy hydro sector.
This joint venture has been created to develop micro-hydro projects and hybrid renewable projects in Australia and the Pacific region.
GP Hydro holds the rights to Global Hydro’s smarT product suite and it will aim to market a proven renewable energy solution that has an advantage in the supply of off-grid micro energy.
Micro energy is the small-scale generation of heat and electric power by individuals, small business and communities to meet their own needs.
This joint venture is well-positioned to support specific industries such as mining, agriculture and community development where there is an immediate need for off-grid solutions such as smarT.
smarT is an economic turbine that can output between 100kW (kilowatt) and 1MW (megawatt) of energy.
It reduces the total costs of a power station project to ensure optimal payments even in low energy prices.
Pacific American’s share price has remained steady today, closing with shares worth one cent each.