ANNOUNCEMENT 13 Dec 2018

The Australian government-funded Clean Energy Finance Corporation allocated AUD 100 million to the Australian Renewables Income Fund which is managed by the Infrastructure Capital Group (ICG).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Clean Energy Finance Corporation. Media. "CEFC confirms largest equity backing for renewables in bid to spur interest from institutional investors" Available at: https://www.cefc.com.au/media/files/cefc-confirms-largest-equity-backing-for-renewables-in-bid-to-spur-interest-from-institutional-investors/

Australian Government. Department of Industry, Innovation and Science. Australian Industry Participation. Available at: https://industry.gov.au/industry/IndustryInitiatives/AustralianIndustryParticipation/Pages/default.aspx

Inception date: 13 Dec 2018 | Removal date: open ended

State loan

On 13 December 2018, the Clean Energy Finance Corporation (CEFC) of Australia has announced the allocation of AUD 100 million (over USD 72.3 million at the time of the announcement) to the Infrastructure Capital Group, a local assets manager. The objective of these resources is to invest in the Australian Renewables Income Fund that focuses on renewable energy technologies. With this funding, the CEFC expects to encourage the participation of institutional investors in renewable energy investments.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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