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Reliable power funding to be prioritised

Dec 15, 2018 - Australian Financial Review

The Clean Energy Finance Corporation will in future have to prioritise investments in reliable, round-the-clock power under a directive from the federal government, which wants to better align the organisation's investment mandate with its own focus away from variable renewables such as wind and solar.

Under the instruction to the $10 billion CEFC, it also will have to take into account the impact of renewable energy projects on security of supply, and give priority to projects that suppor...