Global Trade Alert

On 1 March 2019, the Clean Energy Finance Corporation (CEFC) of Australia has announced the allocation of AUD 25 million (over USD 17.7 million at the time of the announcement) to intelliHUB, a joint venture between Landis+Gyr and Pacific Equity Partners.

The objective of these resources is to continue supporting the spread of the smart metering technology provided in Australia and New Zealand by this company.

This new funding sums up to a previous loan worth AUD 35 million (circa USD 24.8 million) that was allocated on 3 July 2018 (please, see related state acts). As a result, intelliHUB has received AUD 60 million (circa USD 42.5 million) funding from the CEFC.

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.