The new fund will receive the money over a decade from the $10bn in borrowings already allocated to the Clean Energy Finance Corporation
The Turnbull government is setting up a new $1bn clean energy fund alongside the Clean Energy Finance Corporation to lend to, or take an equity stake, in emerging technologies.
The fund – to be called the Clean Energy Innovation Fund – will receive $1bn over 10 years from the $10bn in borrowings already allocated to the CEFC.
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