ANNOUNCED AS TEMPORARYNo
On 2 July 2013, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 37.5 million (USD 34 million) in senior debt finance to CBD Energy for the development of the Taralga Wind Farm, in New South Wales.
The Taralga Wind Farm is expected to generate 106.8 MW of wind power.
The total cost of the project is estimated at AUD 280 million (USD 256 million), and ANZ, Santander, and EKF, Denmark's export credit agency, are co-financiers of the project.
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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