The Victorian Government has provided funding to renewable energy provider Pacific Hydro to establish its retail electricity arm, Tango Energy, creating 64 full time jobs.
Tango Energy’s Geelong headquarters were established when the company moved its retail head office operations to Geelong.
The fund supported the establishment of the company’s Geelong based headquarters and the installation of an IT platform for customer billing and information.
Pacific Hydro is a renewable power generation company that undertakes large-scale wind, solar and hydro projects around the world.
The expansion into the energy retail space has seen them grow from servicing 11,000 customers in 2016 to around 90,000 residential customers in Victoria and New South Wales.
Victorian Minister for Regional Development, Mary-Anne Thomas, said, “More and more businesses are choosing to base their operations in regional cities like Geelong, which is a win for local communities, creating more jobs and boosting the economy.”
The new Tango Energy workplace is in the former Federal Woollen Mills at North Geelong, which was originally built in 1915 and is one of the city’s most historic buildings.
The space has been transformed into a Tech Hub, whilst maintaining its heritage charm with exposed steel beams and red bricks.
State Member for Lara, John Eren, said, “I’m proud to see how Tango Energy has grown after establishing itself in Geelong as a successful energy retailer, creating local jobs and establishing a strong presence in the community.”
The project is supporting 64 full-time jobs across customer service, IT, finance, and human resources, resulting in several millions of dollars in additional wages and salaries in the Geelong economy each year. Another three workers have also relocated from Melbourne.
After setting up its operations in Geelong the company is continuing to expand and increase its market share.
Victorian Minister for Energy, Environment and Climate Change, Lily D’Ambrosio, said, “Our record investments in renewables mean Victorians are better protected from rising bills than households in other states, while also creating tens of thousands of jobs as we halve emissions by 2030.”
The Regional Jobs Fund is part of the Government’s flagship Regional Jobs and Infrastructure Fund which helps businesses create jobs in regional Victoria, supports community projects and backs councils to build the infrastructure that locals and visitors need.
The Victorian Government has invested more than $700 million in its Regional Jobs and Infrastructure Fund since 2015 – supporting around 13,000 jobs and delivering 1,000 projects.