Energy Efficient Equipment Finance program launched
The Clean Energy Finance Corporation and Commonwealth Bank have launched the $100 million Energy Efficient Equipment Finance program to assist Australian businesses with lower cost finance for energy-efficiency assets. The program will foster investment in energy-efficient technologies, including low-emission vehicles, industrial equipment, solar and lighting. Eligible borrowers will gain a 0.7% discount on the bank’s standard asset finance rate on amounts between $10,000 and $5 million.
Industrial uptake of energy-efficient assets continues to increase as the technologies become more feasible and affordable.
‘In a world that is transitioning to cleaner energy through the rapid global uptake of technologies like solar, battery storage and electric vehicles, it is imperative Australian businesses position themselves to take advantage of technologies that will help them work smarter and save them money through reduced energy use and operating costs,’ CEFC chief executive Oliver Yates said.
See the ecogeneration report for more information. (Source: ecogeneration)