The Clean Energy Financing Corporation (CEFC) is providing $8 million finance to Windlab to help drive renewable energy in Australia and overseas.
“This is a great example of an Australian business using locally-developed innovation to drive business success in the growing renewable energy market,” CEFC CEO Oliver Yates said. “The CEFC finance will help Windlab continue its expansion from project development to investment and asset management, an important part of its growth plans.”
“We are delighted to receive the support of the CEFC,” Windlab CEO Roger Price said. “While market conditions over the past three years have been difficult, Windlab has continued to grow. The timing of this funding is ideal. We will be able to leverage the additional working capital to accelerate our growth to meet the increased demand generated by more favourable market conditions.”
The full CEFC press release is available here.