ANNOUNCED AS TEMPORARYNo
On 2 August 2013, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 60 million (USD 53 million) to Fotowatio Renewable Ventures for the development of a solar farm in Maree, New South Wales.
The objective of the senior secured debt funding is to speed up the development and construction of the Maree solar photovoltaic power plant.
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.
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