Monday, May 5, 2025
Green bank gets 1 b fund for new projects - oilandgas360

Green bank gets $1b fund for new projects – Australia changing fund to include hydro and gas

TheAdvocate The Morrison government says a new fund will encourage investment in power generation, storage and transmission and push down prices. Energy Minister Angus Taylor on Thursday introduced draft laws allowing the next step for his underwriting new generation investments program to occur through a $1 billion fund. Under its existing rules the Clean Energy Finance Corporation can only invest