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: 11 Jul 2019 | Removal date: open ended

State loan

On 11 July 2019, the Clean Energy Finance Corporation (CEFC) of Australia has announced the allocation of AUD 60 million (circa USD 42 million at the time of the announcement) to LDK Healthcare a joint venture between Cromwell Property Group and Aspire Group.

The objective of the resources is to develop the LDK Greenway Seniors’ Living Village, a sustainable senior's living project in Canberra.

The new construction will count with energy-efficient lighting and smart controls, high-efficiency heating and airconditioning, over 700kw of solar PV installed on rooftops and parking areas as well as highest quality insulation, which are expected to halve greenhouse gas emissions when compared to current buildings.

 
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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