ANNOUNCED AS TEMPORARYNo
On 1 December 2015, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 15 million (circa USD 11 million) to DeGrussa Copper Mine to help develop the largest solar and battery storage facility in Australia.
The objective of the debt funding is to speed up the installation of the solar PV panels expected to produce 10 MW of power when finalized.
The total estimated cost of the project is AUD 40 million (USD 29 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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