Sustainable Australia Fund secures AUD200m commitment from Bank Australia
The Sustainable Australia Fund has secured an AUD200 million (US$135.62 million) commitment from the Bank of Australia.
The Fund was originally established by the City of Melbourne in 2002. Since then, it has financed a number of environmental upgrades for Victorian businesses, resulting in the abatement of over 300,000 tonnes of CO2 emissions as well as substantial cost savings to Victorian businesses through upgraded infrastructure.
The Sustainable Australia Fund is Australia’s leading provider of Environmental Upgrade Finance. Environmental Upgrade Finance provides simple, fixed-rate, long-term terms of up to 20 years for building upgrades. This is most often done through the installation of solar and batteries, waste and water solutions as well as more innovative and complex solutions such as waste to energy. This loan is then repaid through quarterly council rates.
Country updates
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August 06, 2019
Genex Power to raise AUD16.2 million from capital hike to fund 50 MW Jemalong solar hybrid project in Australia
Genex Power Ltd has announced the successful undertaking of a Share Placement (Placement) of 67,482,878 new Fully Paid Ordinary Shares (Shares) to both existing and new sophisticated and institutional...
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August 05, 2019
Australia approves construction of 29 MW East Rockingham Resource Recovery Facility
The state government of Western Australia has recommended the implementation of the 29 MW East Rockingham Resource Recovery Facility. The project encompasses the design, construction, financing and o...
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August 01, 2019
Australia's Northern Territory gives major status award to 10 GW Australia-Singapore Power Link
The Northern Territory Government is supporting job-creating private sector investment in the Territory, awarding Major Project Status to Sun Cable's Australia-Singapore Power Link (ASPL). The propos...
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July 31, 2019
NAIF offers financing for 250 MW K2-Hydro project
The Northern Australia Infrastructure Facility (NAIF) has approved up to AUD610m (US$428 million) in debt financing for the Genex’s Kidston Stage 2 Pumped Storage Hydro Project (K2-Hydro). NAIF...
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July 26, 2019
South Australia approves the development of 280 MW solar project in Port Pirie
The South Australian Government has approved the development of a 280 MW solar photovoltaic farm that will be located in the township of Port Pirie. The AUD650 million (US$457 million) fac...
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