The modern fund will receive the money over a decade from the $10bn in borrowings already allocated to the Clean Energy Finance Corporation The Turnbull government is setting up a modern $1bn clean energy fund alongside the Clean Energy Finance Corporation to lend to,or take an equity stake, in emerging technologies.
The fund – to be called the Clean Energy Innovation Fund – will receive $1bn over 10 years from the $10bn in borrowings already allocated to the CEFC. Related: Energy-efficient housing to acquire $250m boost from Clean Energy Finance Corporation Related: Clean energy investment in Australia fell by 31% under Tony Abbott Related: Malcolm Turnbull refuses to back Clean Energy Finance Corporation Continue reading...
Source: theguardian.com