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Tuesday 23

October, 201810:24 AM

Record year for Aussie clean energy bank

Record year for Aussie clean energy bank

The Clean Energy Finance Corporation invested a record $2.3 billion in almost 40 new renewable and energy efficient projects last financial year.

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By AAP 30.07.2018 01:26 PM

Australia's clean energy bank provided more than $2 billion for dozens of projects last financial year.

In a record breaking year for the Clean Energy Finance Corporation, it invested $2.3 billion in 39 projects including 10 large-scale solar projects to four wind farms.

CEFC boss Ian Learmonth said the organisation had increased the scale and impact of its investments since it began five years ago, and this year each dollar was matched by more than $1.80 of private sector finance.

The breakdown for the past financial year included $1.1 billion in renewable energy commitments, $939 million on energy efficiency, $100 million for transport and $127 million on waste-related projects.

Since it began the CEFC has committed more than $6.6 billion to projects now worth $19 billion.

"We have directly invested in more than 110 individual transactions and delivered finance for more than 5500 smaller scale clean energy projects," it said.

In the previous financial year the CEFC invested $2.1 billion in 36 projects.

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