ANNOUNCED AS TEMPORARYNo
On 30 July 2013, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 75 million (circa USD 68 million) to Energy Developments Limited to invest in projects that convert waste coal mine gas and landfill gas into electricity. In addition, this financial facility is expected to be used for funding remote generation solutions involving hybrid technologies.
The company has also received AUD 445 million under a syndicated loan facility provided by Babson Capital Australia, Bank of America, ING, Investec, Macquarie, NAB, and UBS.
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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