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The Clean Energy Finance Corporation (CEFC) has committed $5 million to an innovative Melbourne-based company aiming to bring smart technology solutions to the energy grid of the future, as part of an $11.5 million Series B capital raising by GreenSync.
Australia's Clean Energy Innovation Fund is to invest in a Geelong-based company that has developed world-leading technology to tackle one of the most difficult to address sources of carbon emissions - light vehicles.
Central Queensland's Barcaldine Solar Farm is marking a significant milestone, having generated and fed its first power into the grid. The achievement highlights the potential and growing maturity of the large-scale solar sector in Australia.
A new debt finance commitment of up to $120 million from the CEFC is demonstrating the bankability of large-scale renewable energy projects which have not achieved 100 per cent energy offtake agreements through long-term contracted power purchase agreements (PPAs).
GreenSync raises $11.5m from CEFC, Southern Cross Venture Partners ow.ly/h01T308hK55
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