ANNOUNCED AS TEMPORARYNo
On 1 July 2013, the Clean Energy Finance Corporation (CEFC) of Australia announced the financing of Meridian Energy Ltd AUD 50 million (USD 38 million) to refinance the Macarthur Wind Farm.
The CEFC, together with other lenders, is helping Meridian Energy Ltd rise AUD 529 million to refinance its 50% stake the Macarthur Wind Farm.
The total capacity of the wind farm is 420 MW and it is fully operating since January 2013.
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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