ANNOUNCED AS TEMPORARYNo
On 2 August 2013, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 40 million (circa USD 36 million) to Sundrop Farms for the development of a solar thermal technology greenhouse complex near Port Augusta, South Australia.
The objective of the debt funding is to co-finance the sustainable greenhouse that will use solar thermal technology to provide irrigation from desalinated seawater and heating and cooling.
The 20-hectare greenhouse facility is expected to produce 15,000 tonnes of tomatoes per year.
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.
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