Global Trade Alert
Global Trade Alert

Australia: DeGrussa Copper Mine receives AUD 35.9 million from governmental institutions

Announcement

01 Dec 2015

The Australian government-funded Clean Energy Finance Corporation and the Australian Renewable Energy Agency allocated a total of AUD 35.9 million to DeGrussa Copper Mine to finance largest integrated off-grid solar and battery storage facility in Australia.

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Number of interventions

3

2 certainly harmful

1 likely harmful

0 liberalising

List of interventions

3 in force

Implementation date

01 Dec 2015

Revocation date:

No revocation date

State loan In force

On 1 December 2015, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 15 million (circa USD 11 million) to DeGrussa Copper Mine to help develop the largest solar...

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Financial grant In force

Also on 1 December 2015, the Australian Renewable Energy Agency (ARENA) allocated AUD 20.9 million (USD 15 million) grant to DeGrussa Copper Mine to support the development of solar photovoltaic and s...

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Implementation date

01 Dec 2015

Revocation date:

No revocation date

Local value added incentive In force

The Clean Energy Finance Corporation financing is subject to the Australian Industry Participation (AIP) policy. This framework states that all programs enclosed in this policy must encourage the part...

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