ANNOUNCED AS TEMPORARYNo
On 12 December 2016, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 120 million (circa USD 90 million) to CWP Renewables for the development of the Sapphire Wind Farm in northern New South Wales.
The objective of the debt funding is to demonstrate the bankability of large renewable energy projects. The Sapphire Wind Farm is expected to generate 270MW of renewable energy.
The total cost of the project is estimated at AUD 588 million (USD 440 million), and Commonwealth Bank, Sumitomo Mitsui Banking Corporation, and EKF, Denmark's export credit agency are co-financiers of the project.
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.
⚑ Please report this page in case you detect an inaccuracy in its content.