IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Mar 2019 | Removal date: open ended

State loan

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

482 Instruments & control equipment, except optical instruments
9028 Gas, liquid or electricity supply or production meters, including calibrating meters therefor.
902830 Electricity meters

Please report this page in case you detect an inaccuracy in its content.