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: 02 Aug 2013 | Removal date: open ended
Still in force

State loan

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.

The statutory text, the Clean Energy Finance Act 2012, states that only solely or mainly Australian-based investments are eligible for these resources.
 
 
Update
According to an official document of the CEFC published in March 2015, the final investment was reduced to AUD 47 million (USD 37 million).

AFFECTED COUNTRIES

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