ANNOUNCED AS TEMPORARYNo
On 8 May 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 60 million (USD 44 million) to RATCH-Australia Corporation to help develop a solar farm in Collinsville, Queensland. The total investment volume is AUD 100 million.
The plant is estimated to generate 42.5MW which is enough energy to power 15,000 homes.
In addition to the resources provided by the CEFC, RATCH-Australia also received an AUD 9.5 million grant provided by the Australian Renewable Energy Agency (ARENA).
Clean Energy Finance Corporation
The Clean Energy Finance Corporation is a government-funded financier created to fund clean energies. To achieve these goals, the Australian government has provided credits of AUD 2 billion each year from 1 July 2013.
The statutory text, the Clean Energy Finance Act 2012, states that only solely or mainly Australian-based investments are eligible for these resources.
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