News
19 December 2019
Infradebt to invest $37m from CEFC in smaller-scale renewables
In:
Renewable energy, Traditional energy
Region:
Asia-Pacific
Australian fund manager Infradebt is to invest up to A50 million ($37 million) provided by the Clean Energy Finance Corp (CEFC) into renewable projects with a capacity of less than 25MW.
The debt finance provided by CEFC will lift Infradebt's committed discretionary capital to about A150 million, with the potential to invest in new renewable power developments with a total capacity of over 100MW. The capital will be invested through the infrastructure debt fund Infradebt Ethical Fund.
The first projects benefiting from the financing are 5MW solar parks at Trundle Hill and Peak Hill in New South Wales, which are already under construction. Once operational, each of the projects will produce 28,000 MWh of power annually.
