ANNOUNCED AS TEMPORARYNo
On 13 November 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 150 million (USD 114 million) to Nexif Energy Australia for the development of the Lincoln Gap wind farm in Port Augusta, South Australia.
The objective of the debt funding is to speed up the construction of the wind farm and it includes finance towards a 10MW battery energy storage system. When finished, the Lincoln Gap farm will add 126MW of renewable energy to the national electricity grid.
The total cost of the project is estimated at AUD 300 million (circa USD 229 million).
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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