CEFC commits USD 640m to Australia’s clean energy sector in 2015/16

Australia's Clean Energy Finance Corporation (CEFC) has committed a record AUD 837 million (USD 640m/EUR 579m) to the country's clean energy sector in the 2015/16 year through June, according to its annual report announced Monday.

The 2015/16 new investments have supported projects worth a total of AUD 2.5 billion and mark a 73% increase on the previous year.

After just three full years in operation, CEFC is now a central part of Australia's clean energy sector, said chair Jillian Broadbent. "We have made cumulative commitments of nearly $2.3 billion to projects valued at some $5.7 billion, while continuing to earn a return above the Government's cost of funds," she noted.

The number of investments in 2015/16 was 15, compared to eight in the previous year. They include a AUD-67-million commitment, as part of a larger debt package, to the 240-MW Ararat wind farm in Victoria, AUD 20 million in debt finance to the 20-MW edge-of-grid Barcaldine solar farm in Queensland, as well as AUD 200 million to fund a new Westpac energy efficiency financing programme.

(AUD 1.0 = USD 0.765/EUR 0.692)

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