ANNOUNCED AS TEMPORARYNo
On September 2013, the Clean Energy Finance Corporation (CEFC) of Australia allocated AUD 70 million (USD 53 million) in debt financing to Pacific Hydro for the development of the Portland Wind Farm in Victoria.
The Portland Wind Farm is expected to generate 500-gigawatt hours of electricity each year.
The total cost of the project is estimated at AUD 361 million (USD 274 million).
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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