Global Trade Alert
Global Trade Alert

Australia: Electricity company NEOEN receives AUD 166 million from governmental institutions

Announcement

01 Feb 2017

The Australian government-funded Clean Energy Finance Corporation and the Australian Renewable Energy Agency allocated a total of AUD 166 million to electricity producer NEOEN to finance three solar farm projects in New South Wales.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

01 Feb 2017

Revocation date:

No revocation date

State loan In force

On 1 February 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 150 million (circa USD 113.5 million) to NEOEN to help develop three solar farm projects in...

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Financial grant In force

Also on 1 February 2017, the Australian Renewable Energy Agency (ARENA) allocated AUD 16 million (USD 12 million) grant to NEOEN to support the development of three solar farms located in Parkes, Grif...

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