The average price per renewables contract awarded in the country’s second auction was $33.47MWh, down 30 percent from its first auction in March.
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The German downstream specialist has received financing from Australia’s renewables agency to build a $33m solar-plus-storage system.
The manager, which is also launching a pooled renewables fund in H2 2016, is being backed by some of Australia’s largest super funds.
Theodore Dow has been the lead investment manager of Australia’s $10bn clean energy fund since its inception in 2012.
The creation of a ‘golden share’ allowing the government to veto non-green investments could speed up a privatisation process that is expected to be finalised by October.
The bank will initially target East Africa, South Africa and India, focusing on renewables and energy efficiency.
The 400MW project, awarded to Vattenfall, will produce power that is some 49% cheaper than the cheapest UK offshore wind farm.
The untapped sector needs $1.6bn of investment to surpass 1,400MW by 2020.
For infrastructure investors, renewables offer the easy way into the asset class that PPPs/PFI used to.
Illinois bill bets heavily on energy efficiency as state seeks to regain ground on clean energy investment.