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Australia launches renewable energy fund

$10b fund for renewable energy firms http://www.perthnow.com.au/business/b-fund-for-renewable-energy-firms/story-e6frg2r3-1226330084361   AAP April 17, 2012 COMPANIES involved in renewable energy will soon be able to tap into a $10 billion federal pool. The Gillard government released today an independent review into the Clean Energy Finance Corporation (CEFC), which is due to start operating from July 2013.

The government accepted all recommendations made by the review.

The CEFC will provide $10 billion worth of financing to companies involved in renewable energy, low-emissions and energy efficiency technology. The review was led by Reserve Bank of Australia board member Jillian Broadbent.
The CEFC will encourage private investment and help overcome capital market barriers for cleaner energy technologies, the government said in a statement today.

The fund will apply “commercial rigor” to its investment decisions to make sure companies have a positive rate of return and are able to repay the loans.

April 18, 2012 - Posted by Christina Macpherson | AUSTRALIA, renewable