ANNOUNCED AS TEMPORARYNo
On 31 July 2018, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of up to AUD 50 million (USD 36.9 million at the time of the announcement) loan to Mirvac, an Australian property group.
The objective of these resources is to finance the company's first institutional build-to-rent investment platform that will count with clean energy and energy efficiency technologies. The company is targeting a portfolio of five to six projects, located mainly in Sydney and Melbourne. The project aims at giving tenants the same opportunities to access clean energy as owners.
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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