IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 03 Jul 2018 | Removal date: open ended
Still in force

State loan

On 3 July 2018, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 35 million (over USD 25.8 million at the time of the announcement) to intelliHUB, a joint venture between Landis+Gyr and Pacific Equity Partners. The objective of this debt finance is to finance the acquisition of Acumen, the smart meter business unit of Origin Energy.

The total value of the acquisition is AUD 267 million (USD 197 million) and intelliHUB is expected to become one of the leading smart meter providers in Australiana and New Zealand.

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

482 Instruments & control equipment, except optical instruments
9028 Gas, liquid or electricity supply or production meters, including calibrating meters therefor.
902830 Electricity meters

Please report this page in case you detect an inaccuracy in its content.