Announcement
26 Nov 2020
On November, 26th, 2020, the Clean Energy Finance Corporation (CEFC) of Australia announced it would invest AUD 125 million (USD 96.7 million) in TransGrid Services to continue the Snowy 2.0 pumped hydro project.
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Number of interventions
2
1 certainly harmful
1 likely harmful
0 liberalising
List of interventions
Implementation date
26 Nov 2020
Revocation date:
No revocation date
Announced: 26 Nov 2020
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
26 Nov 2020
Revocation date:
No revocation date
Announced: 26 Nov 2020
Equity stake
In force
On November 26th, 2020, the Australian Clean Energy Finance Corporation (CEFC) will invest AUD 125 million (USD 92.3 million) in TransGrid Services as a way to move forward with the Snowy 2.0 pumped h...
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Related State Acts
Announced: 08 Nov 2021
Australia: CEFC commits AUD 25 million to Orica in Kooragang Island Decarbonisation Project
Announced: 30 May 2021
Australia: CEFC allocates AUD 295 million to Project EnergyConnect (PEC)
Announced: 19 Apr 2021
Australia: CEFC invests AUD 75 million in Frasers Property
Announced: 24 Mar 2021
Australia: CEFC allocates AUD 95 million to Australian company Hesperia
Announced: 19 Mar 2021
Australia: Australian government invests AUD 76.8 million in Alcoa of Australia Limited through the AEMO's RERT program
Announced: 01 Mar 2021
Australia: Australian government invests AUD 50 million in the Carbon Capture, Use and Storage (CCUS) Development Fund
Announced: 25 Feb 2021
Australia: CEFC invests AUD 160 million to construct the Neoen 300 MW Victorian Big Battery (VBB)
Announced: 30 Oct 2019
Australia: Australian government invests AUD 1 billion in Grid Reliability Fund
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