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: 14 Feb 2017 | Removal date: open ended
Still in force

State loan

On 14 February 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 54 million (USD 41 million) to Genex Power Ltd to finance an innovative large-scale solar development in North Queensland.

The objective of the debt funding is to develop a large-scale solar farm at the company's Kidston Renewable Energy Hub which will later lead to the construction of a pumped hydro storage project. 

The solar farm is expected to produce 50 MW of power when finalized.

 
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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