The Clean Energy Finance Corporation (CEFC) is expected to finance A$10billion in projects involving renewables, energy efficient systems, and low emissions technologies. Oliver Yates, the new head of CEFC, said they are preparing to make the first investment by July 2013. He said the fund will prefer loans over equity, and that their investments will be at the lower risk end of the spectrum. Yates added, the CEFC is aiming for a return comparable to government bonds. The investment is anticipated to attract cautious investors to the renewables sector.
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