ANNOUNCED AS TEMPORARYNo
On 21 January 2015, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of up to AUD 20 million (USD 16 million) in senior debt finance to ET Solar Australia to support the development of a new solar Power Purchase Agreement (PPA) program aimed at the large commercial sector.
The proposed model states that EP Solar Australia will own, operate and maintain the solar PV system of the customer, who will then agree to purchase electricity at an agreed rate. The power capacity of each project will range between 30KW and 2MW.
CEFC expects this new PPA model to attract local business and promote the installation of PV panels in the commercial sector.
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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