CEFC committed to provide up to AU$20 million senior debt finance to enable Australian solar PV company, Tindo Solar, to locally manufacture, install and own rooftop solar arrays and sell the power to the building occupants under a new power purchase agreement (PPA) programme. The financing is being provided through the Solaire Income Fund.
The Solaire Income Fund, being established by Lighthouse Infrastructure and the Impact Investment Group, will provide additional finance. Lighthouse Infrastructure and the Impact Investment Group are establishing the AU$200 million Solaire Income Fund to provide long-term stable returns to investors through investment in solar PPAs and related assets. The Fund will invite investors to provide equity finance in addition to the CEFC’s finance to support Tindo’s rollout of its solar PPA program.