Australia’s green bank marks first decade of investment

Australia’s Clean Energy Finance Corporation (CEFC) is marking its first decade of green investments in emissions-reduction projects across the country. CEFC began its operations ten years ago, with $10bn of sovereign funds. Over the decade, CEFC says it has invested $10.76bn across 265 large-scale transactions and catalysed investments worth $37.5bn through institutional investors and other partners . In 2021-2022 alone, it invested $1.45bn. Its largest transaction was $295m of debt finance for an EnergyConnect grid infrastructure project. CEFC also has specialist funds such as a $163m clean energy innovation fund and a $12.5m hydrogen fund. CEO Ian Learmonth said: “As Australia’s ‘green bank’, CEFC investments reflect the ambitions of our nation for a thriving low-emissions future, where the benefits of the clean energy transition are felt across our economy.”