The Prime Minister has announced Sydney will be home to the Gillard Government’s $10 billion Clean Energy Finance Corporation.
Selected by its strong clean energy sector and network of financial, legal and professional services, Sydney ‘is considered to be an optimal location from which to service a national client base.’ Prime Minister.
Positioning the corporation within Sydney’s financial sector hub is aimed towards building partnerships with lenders and investors.
‘While Australia has many leading researchers in the clean energy field, in Sydney the Corporation will also be able to draw on higher education and research and development facilities across the state, including the CSIRO Energy Centre and the University of NSW School of Photovoltaic and Renewable Energy Engineering.’
The Corporation forms part of the Clean Energy Future package designed to encourage private investment and better commercialise the deploying of clean energy technologies.
‘The Corporation will also invest in the transformation of existing manufacturing businesses to re-focus on making the inputs for the clean energy sector.’
Jillian Broadbent AO has previously been announced as chair of the Clean Energy Finance Corporation.