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: 15 Dec 2017 | Removal date: open ended
Still in force

State loan

On 15 December 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 207 million (USD 158 million) to WIRSOL Energy Pty Ltd to increase the solar capacity of the Wemen Solar Farm in Victoria and the Clermont Solar Farm in Queensland.

The objective of the debt funding is to accelerate the development of 200MW of additional solar capacity.

The resources have been distributed as it follows:

  • AUD 110 million for the Wemen Solar Farm in Victoria for a power capacity of 110 MW;
  • AUD 97 million for the Clermont Solar Farm in Queensland for a power capacity of 90 MW.

The capacity of both solar farms is expected to supply power to 65,000 homes.


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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