ANNOUNCED AS TEMPORARYNo
On 3 April 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 88 million (USD 60.8 million) to Infigen Energy for the construction of the Bodangora Wind Farm in New South Wales.
The wind farm is expected to produce 113 MW which is enough energy to meet the needs of 49,000 homes. The project will be built by a consortium comprising General Electric and Civil & Allied Technical Construction.
The Norddeutsche Landesbank Girozentrale (NORD/LB) is also a co-lender to the Bodangora project.
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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