Announcement
19 Nov 2019
The Clean Energy Finance Corporation, together with the Government of South Africa and Arena have committed up to AUD 72 million (USD 49.2 million) to support the expansion of the Hornsdale Power Reserve managed by NEOEN.
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Number of interventions
3
2 certainly harmful
1 likely harmful
0 liberalising
List of interventions
Implementation date
19 Nov 2019
Revocation date:
No revocation date
Announced: 19 Nov 2019
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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Implementation date
19 Nov 2019
Revocation date:
19 Nov 2024
Announced: 19 Nov 2019
Financial grant
The Government of South Australia has also announced that it has committed AUD 15 million (over USD 10.2 million at the time of the announcement) to finance the expansion of the Hornsdale Power Reserv...
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Implementation date
19 Nov 2019
Revocation date:
No revocation date
Announced: 19 Nov 2019
State loan
In force
On 19 November 2019, the government-funded Clean Energy Finance Corporation of Australia has announced the approval of up to AUD 50 million funding (over USD 31.4 million at the time of the announceme...
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Related State Acts
Announced: 27 Feb 2024
Australia: CEFC provides AUD 55 million in funding towards Neoen
Announced: 06 Feb 2024
Australia: CEFC invest AUD 99 million towards Neoen Goyder wind farm and Blyth Battery
Announced: 25 Feb 2021
Australia: CEFC invests AUD 160 million to construct the Neoen 300 MW Victorian Big Battery (VBB)
Announced: 24 Apr 2013
Australia: Clean Energy Finance Corporation established
Announced: 04 Dec 2011
Australia: Government creates the Australian Renewable Energy Agency
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