Genex is hoping to begin construction of the bigger solar and storage component in 2018, which would cost a combined $750 million. NAIF is considering providing debt facilities at a discounted rate, in the same way that the Clean Energy Finance Corporation does. While the ASX announcement did not reveal the figure, it is understood Genex aims to secure about $200-300 million of the $5 billion NAIF funding pool.
GNX Price at posting:
24.8¢ Sentiment: Buy Disclosure: Held
