ANNOUNCED AS TEMPORARYNo
On 26 May 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 20 million (circa USD 14.9 million) to RateSetter to develop a peer-to-peer green lending platform.
The project aims at bringing together investors, borrowers and clean energy product providers, allowing investors to lend directly to creditworthy borrowers that are looking to buy or install approved "green" products.
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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