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The Powering Australian Renewables Fund contributes to record breaking year

Cameron Reid
Cameron Reid
03 May 2017

Today the Clean Energy Council released latest statistics revealing that more than $2 billion worth of renewable energy projects had attracted financial commitment in the last three months, adding up to an unprecedented $7.4 billion in investment and more than 3300 MW of new renewable energy capacity which will be under construction or completed in 2017.

Included in this was the 200MW Silverton Wind Farm being built by the Powering Australian Renewables Fund (PARF).

The PARF, launched in 2016 is designed to support investment in approximately 1000 megawatts of renewable energy. The fund enables AGL and its partner QIC and its clients to invest in a portfolio of greenfield and brownfield assets. This represents approximately 20 per cent of the estimated additional capacity required to meet the 2020 target.

You can read more about the PARF here or read the Clean Energy Councils media release here.