ANNOUNCED AS TEMPORARYNo
On 2 May 2018, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 39 million (over USD 29.2 million at the time of the announcement) term debt facility to Pro-invest Group, a boutique investment firm that owns Holiday Inn Express-branded hotels across Australia.
The objective of these resources is the construction of the Holiday Inn Express at Southbank in Melbourne that seeks to obtain a 5-star energy rating, under the National Australian Built Environment Rating System (NABERS).
Pro-invest Group expects to develop another five similar projects in Australia 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.
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