ANNOUNCED AS TEMPORARYNo
On 2 August 2018, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of up to AUD 38 million (USD 28 million at the time of the announcement) to Sacyr Group to develop the South Eastern Organics Processing Facility, a mechanical and biological treatment plant to process organic waste.
The total costs of the project are estimated at AUD 65 million (USD 47.9 million) and will be located in Melbourne. The expected processing capacity of the new facility is 120,000 tonnes of waste per year, which is expected to abate more than 65,000 tonnes of CO₂-e emissions annually.
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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