CCS link takes shine off $500 million plan to boost CEFC funding
Federal government plans to expand the mandate of the Clean Energy Finance Corporation so it can invest in carbon capture and storage technology have been criticised as “yet another attempt to prop up Australia’s thermal coal industry, at the expense of renewables”.
Octopus Group partners with CEFC to accelerate solar farm projects
The Australian arm of global fund manager Octopus Group has expanded its renewable energy portfolio, teaming with the Clean Energy Finance Corporation to purchase the rights to develop two proposed utility scale solar-storage hybrid power plants in Victoria’s Gippsland region.
Renewable transmission superhighway, EnergyConnect, clears final hurdle
South Australian transmission company ElectraNet on Monday announced it will invest $457.4 million to deliver the its section of the Project EnergyConnect, the high-voltage electricity transmission interconnector between South Australia and New South Wales.
CEFC green hydrogen cost projections labelled ‘too conservative’
A new study commissioned by the Clean Energy Finance Corporation has indicated renewable hydrogen is already approaching cost competitiveness with that produced using fossil fuels but some in the industry have declared the government-owned green bank’s figures are much too conservative.
Old Mate Barnaby Joyce attempts to hijack CEFC with ‘tedious proposals’
Former leader of The Nations, Barnaby Joyce, has put forward an amendment to the Coalition’s legislation for the Clean Energy Finance Corporation (CEFC) which would allow the $10 billion “green bank” to invest in “high intensity, low emissions coal-fired power.”
CEFC and Aware Super commit to emissions conscious private-equity fund
The Clean Energy Finance Corporation and Aware Super, one of Australia’s largest superannuation funds, have both committed $80 million to Adamantem Capital, a private-equity fund which requires its target companies to meet strict emissions reduction targets. For the CEFC, this is the beginning of decarbonisation in a part of the economy lagging behind, namely, private equity.
CEFC annual report glowing with ‘prudent investment’
The Clean Energy Finance Corporation (CEFC) has published its annual report this week, a report glowing with the hue of ‘prudent investment’ according to the CEFC Chair. The report emphasises the prudence and efficacy of the green bank’s mandate despite attempts by the Morrison Government to siphon off funds for fossil-fuel investments.
CEFC makes first industrial property investment as it seeks to unlock sector’s PV, battery potential
The Australian government’s green bank has announced its $50 million investment in the green strategy of one of Australia’s largest industrial and logistics funds managed by Charter Hall Group.
CEFC takes stock of the future, backs Australian Climate Transition Index
The Clean Energy Finance Corporation is set to become the cornerstone investor in a BNP Paribas’ issuance $140 million in new Australian green bonds through its Australian Climate Transition Index, an index for investors to parse the companies that will survive and thrive into a decarbonised future from those who will decay and die.
Infrastructure critical to energy transition, says CEFC report
The Clean Energy Finance Corporation along with its partners has released an Issues Paper on the halting state of Australia’s infrastructural development. The paper highlights the nation’s short-sighted infrastructural projects and their weight upon the energy transition.
