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: 09 Dec 2015 | Removal date: open ended
Still in force

State loan

On 9 December 2015, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 67 million (USD 48 million) to Ararat Wind Farm Pty Ltd for the development of a wind farm in Ararat, Victoria.

The objective of the senior secured debt funding is to speed up the construction of the third largest wind farm in the country which is expected to power around 120,000 homes each year.

In total, the project has secured AUD 276 million debt financing (circa USD 199 million).

Other investors are Sumitomo Mitsui Banking Corporation (SMBC), Canada’s Export Credit Agency and Export Development Canada (EDC).

he Ararat Wind Farm Pty Ltd is co-owned by a consortium of Renewable Energy Systems (RES), GE (NYSE: GE), Partners Group and OPTrust.

 
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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