CEFC’s green investments grow 73% y/y in FY 2015/16
Wind park in Australia. Author: Simon Yeo. License: Creative Commons, Attribution 2.0 Generic.
Australia's Clean Energy Finance Corp (CEFC) said Tuesday it has made the record-high AUD 837 million (USD 629.5m/EUR 572.1m) of investments in renewables and energy efficiency projects over fiscal year 2015/16, marking a 73% year-on-year increase.
This way, the agency contributed to schemes with a total value of AUD 2.5 billion, it calculates. Over the past year, CEFC mobilised an even greater amount of private sector capital into clean energy activities, according to CEO Oliver Yates.
“Across the economy, we are working to accelerate investment in renewable energy, increase energy efficiency in the manufacturing and transport sectors and improve energy standards in the built environment,” Yates said.
By technology, the larger part the CEFC funding, or AUD 458 million, was directed towards energy efficiency schemes. Renewables got AUD 379 million, significantly up from AUD 189 million in the previous financial year.
Since its establishment in 2013, CEFC has handed out a total of AUD 2.3 billion in project financing in support of a AUD-5.7-billion portfolio, its latest report shows.