ANNOUNCED AS TEMPORARYNo
On 29 May 2018, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 38 million (USD 28.5 million) to CWP Renewables and Partners Group for the construction of the Crudine Ridge Wind Farm near Mudgee in New South Wales.
The wind farm is expected to produce 135 MW providing enough electricity to power 55,000 homes.
The total planned investment is AUD 250 million, of which AUS 113 million has been provided in the form of senior debt by the CEFC, Westpac and Sumitomo Mitsui Banking Corporation.
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.
⚑ Please report this page in case you detect an inaccuracy in its content.