Tamar Hydro has secured a $300 million contract for hydro developments in Indonesia.
The contract, signed with business partner Genco Energy, will see turbines built in Tasmania and exported to Indonesia.
About 20 manufacturing jobs will be created in the state from the deal.
Tamar Hydro business development manager Phil McCafferty said a focus for the business would be delivering renewable energy industry in less-developed countries.
“The Asia-Pacific region has a lot of opportunity for a company like this because there’s such a call for energy, there are many villages through Indonesia and PNG where they just don’t have power,” Mr McCafferty said.
Tasmanian Minister for State Growth Peter Gutwein said Tamar Hydro is one of Tasmania’s advanced manufacturing success stories.
“Increased confidence in Tasmania’s economic direction has led Tamar Hydro to invest and increase its capabilities. That investment is well and truly paying off,” he said.
“Over the past three years Tamar Hydro has steadily grown its business and today’s announcement is the icing on the cake.
“Tamar Hydro’s strategic alliance will provide further opportunities to undertake projects and to showcase Tasmania’s expertise in hydro energy generation.
“Advanced manufacturing is one of Tasmania’s competitive strengths and the government is supporting the sector by helping train and retain skilled staff and also through initiatives like buying locally produced buses for Metro’s fleet.”