ANNOUNCED AS TEMPORARYNo
On 6 June 2014, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of up to AUD 50 million (circa USD 47 million) to New Energy Corporation for the development of a waste-to-gas facility in West Australia.
The objective of the debt funding is to help in the development of Western Australia's first municipal waste-to-gas project.
CEFC's investment seeks to facilitate access to private sector funding for similar future projects and to encourage the development of further waste-to-energy facilities across Australia.
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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