IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Mar 2017 | Removal date: open ended
Still in force

State loan

On 13 March 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 77 million (USD 58 million) for the development of three solar farm projects located in Queensland and Victoria. The projects are developed by Australia's Edify Energy alongside WIRSOL. 

The objective of the debt funding is to speed up the construction of the solar farms located in Collinsville and Kerang which will add a combined 165MW (AC) of renewable energy to the national electricity grid.

The projects will also receive financial support from Commonwealth Bank and Germany's NORD/LB.

 

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.

AFFECTED COUNTRIES

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