Global Trade Alert
Global Trade Alert

Australia: CEFC invests AUD 125 million in TransGrid Services

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

2 in force

Implementation date

26 Nov 2020

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) 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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Implementation date

26 Nov 2020

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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