Country:Australia
Year:2011 (Mai 10th)
Policy status:In Force
Jurisdiction:National
Date Effective:2011 (Mai 10th)
Date Amended:

2015 (Sept 24th)

Policy Type:Voluntary Approaches>Negotiated Agreements (Public-private sector), Research, Development and Deployment (RD&D)>Research programme >Technology deployment and diffusion, Economic Instruments>Direct investment>RD&D funding
Renewable Energy Policy Targets:Multiple RE Sources
Policy Sector:Framework Policy, Multi-sectoral Policy
Climate Change Policy Targets:Framework/ Multi-sectoral Policy, Energy Sector, Electricity Generation, Renewable
Agency:Australian Renewable Energy Agency
URL:http://www.cleanenergyfinancecorp.com.au/
URL:http://arena.gov.au/initiatives-and-programs/renewable-energy-venture-capital-fund/
Legal References:http://arena.gov.au/files/2015/10/REVC-Fund-Guidelines.pdf
Funding:AUD 120 million (Government AUD 60 million; private sector AUD 60 million)
Renewable Energy Description:

ARENA’s up to $60 million Renewable Energy Venture Capital Fund was created to foster skills and management capability and provide funding confidence to renewable energy projects to strengthen their chance of success. Southern Cross Venture Partners Pty Ltd was appointed manager of the Fund and Softbank China Venture Capital matched ARENA’s up to $60 million investment creating the up to $120 million Southern Cross Renewable Energy Fund. The Southern Cross Renewable Energy Fund provides management expertise and makes equity investments in early-stage Australian renewable energy companies to help them overcome capital constraints, develop technologies, increase skills and forge international connections.

Climate Change Description:

ARENA’s up to $60 million Renewable Energy Venture Capital Fund was created to foster skills and management capability and provide funding confidence to renewable energy projects to strengthen their chance of success. Southern Cross Venture Partners Pty Ltd was appointed manager of the Fund and Softbank China Venture Capital matched ARENA’s up to $60 million investment creating the up to $120 million Southern Cross Renewable Energy Fund. The Southern Cross Renewable Energy Fund provides management expertise and makes equity investments in early-stage Australian renewable energy companies to help them overcome capital constraints, develop technologies, increase skills and forge international connections.

Related policies:Clean Energy Finance Corporation (CEFC)

Last modified: Fri, 05 May 2017 18:37:59 CEST