Australian green bank Clean Energy Finance Corporation (CEFC) has made a record investment of A$3.5bn ($2.29bn) in renewable energy projects and grid infrastructure throughout the 12 months leading up to 30 June 2025.
During the 2024-2025 financial year (FY24/25), the CEFC’s capital has supported projects ranging from nation-building transmission initiatives to cost-reducing energy solutions for households and businesses.
The corporation also deployed a record A$2.9bn in new funds across various sectors to aid Australia in achieving its emissions and renewable energy targets.
Since its establishment, the CEFC has made lifetime commitments of A$18.3bn and contributed to a total clean energy project commitment of A$85.3bn.
Increased activity was witnessed during FY24/25 from the Rewiring the Nation (RTN) Fund, the Household Energy Upgrades Fund (HEUF), and the Powering Australia Technology Fund (PATF).
Investments through the PATF have encouraged more than A$404m towards climate tech innovators.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataFurthermore, the HEUF has facilitated A$610m in green loan products, enabling homeowners to adopt clean energy technologies at reduced costs, thereby lowering their energy consumption.
CEFC CEO Ian Learmonth said: “From our largest ever transactions, in transmission, to accelerating the net zero ambitions of our co-investors, across natural capital, property, transport and resources, CEFC investments are helping Australia position itself positively in the global competition for capital.
“While the economy-shaping impact of our larger-scale transactions is clear, the full story of CEFC investment activity this year demonstrates that we are delivering for taxpayers, with direct and immediate benefit in homes and small businesses, for vehicle owners and on farms.”
This surge in investment activity arrives as Australia’s 2030 renewable energy and emissions targets approach, and the global effects of climate change become increasingly evident.
Last year, Australia escalated its investment in renewable energy, battery storage, and electrified transport.
Learmonth added: “By providing access to discounted CEFC finance, we are paving the way for an increasing number of Australians to cut their individual carbon footprint in their everyday activities – and tapping into growing consumer sentiment in favour of measures to address climate change.”
