ANNOUNCED AS TEMPORARYNo
On 12 July 2018, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 59 million (USD 43.7 million) financing to Palisade Investment Partners for the construction of the Granville Harbour Wind Farm located in Tasmania.
When finalized, the wind farm is expected to generate electricity to power more than 46,000 homes.
The total cost of the project is estimated at AUD 280 million (USD 207.6 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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