ANNOUNCED AS TEMPORARYNo
On 19 March 2014, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 20 million (USD 15 million) to Carnegie Wave Energy Limited to speed up the development of its CETO wave power technology.
With the resources provided by the CEFC, Carnegie Wave Energy Limited expects to take a significant step forward in the development and commercialization of this technology.
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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