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

State loan

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). 

 
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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