AUSTRALIA: Renewable Energy Venture Capital Fund (REVC)

Meta Data
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2012
Effective End Year: 
2019
Scope: 
National
Document Type: 
Guideline, Other
Economic Sector: 
Energy
Energy Types: 
Renewable
Issued by: 
Australian Government - Australian Renewable Energy Agency (ARENA)
Source: 
Australian Renewable Energy Agency (ARENA)
Australian Renewable Energy Agency (ARENA) Guidelines
File: 
Renewable Energy Venture Capital Fund (REVC)
Renewable Energy Venture Capital Fund (REVC) Guidelines
Overall Summary: 
ARENA’s Renewable Energy Venture Capital Fund Programme was created to provide venture capital and active investment management to encourage the development of Australian companies that are commercialising renewable energy technologies.
Renewable Energy
Public investment loans or grants: 
The Southern Cross Renewable Energy Fund (Fund) established under the Programme is a Co-investment between ARENA and Softbank China Venture Capital, with each providing half of the committed capital to the Fund. The Fund has committed capital of up to $120 million and is managed by private sector fund manager, Southern Cross Venture Partners Pty Ltd.
Investment
Financial incentives for energy infrastructure: 
The Southern Cross Renewable Energy Fund (Fund) established under the Programme is a Co-investment between ARENA and Softbank China Venture Capital, with each providing half of the committed capital to the Fund. The Fund has committed capital of up to $120 million and is managed by private sector fund manager, Southern Cross Venture Partners Pty Ltd.
Public Private Partnerships: 
The Southern Cross Renewable Energy Fund (Fund) established under the Programme is a Co-investment between ARENA and Softbank China Venture Capital, with each providing half of the committed capital to the Fund. The Fund has committed capital of up to $120 million and is managed by private sector fund manager, Southern Cross Venture Partners Pty Ltd.