ANNOUNCED AS TEMPORARYNo
On 15 March 2018, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of up to AUD 90 million (USD 70.3 million at the time of the announcement) debt financing to Mirvac, an Australian property group.
The objective of these resources is the incorporation of different clean energy technologies in the construction of three new master-planned residential communities. The new houses will count with a 5.1kW rooftop solar systems and 10kWh battery systems, providing residents with up to 90% of the total energy required in a typical household’s energy consumption.
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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