The Clean Energy Finance Corporation could weigh in with debt funding to help support the Snowy 2.0 pumped hydro mega-project as well as the investment required in transmission to help get the power to consumers, chairman Steven Skala has revealed.
Mr Skala said that while wind and solar power were rapidly becoming fully cost competitive, the federal green bank’s work was far from done, outlining an expectation that the CEFC would become more involved in technologies such as pumped hydro that complement intermittent renewables, as well as in transmission.
“This means that the CEFCs work in the energy sector is not done and that it could be called upon to examine participating in much larger initiatives in the future such as…
Read the full article at: https://www.afr.com/business/energy/hydro-energy/clean-energy-finance-corporation-could-help-fund-snowy-20-20180801-h13f9j