INTRODUCTORY STATEMENT
The CEFC Board, as the accountable authority of the Clean Energy Finance Corporation, presents the 2017-18 Annual Performance Statements, as required under paragraph 39(1)(a) of the Public Governance, Performance and Accountability Act 2013 (PGPA Act).
In our opinion, these Annual Performance Statements are based on properly maintained records, accurately reflect the performance of the Corporation, and comply with subsection 39(2) of the PGPA Act.
ENTITY PURPOSE
The CEFC was established by the Clean Energy Finance Corporation Act 2012 (CEFC Act)
“… to facilitate increased flows of finance into Australia’s clean energy sector”.
Ultimately, this objective is achieved through investing directly and indirectly with co-investors and, in doing so, encouraging and facilitating others to also invest in renewable energy, energy efficiency and low emissions technologies and projects.
RESULTS
The CEFC had a strong year in 2017-18. A summary of the CEFC’s performance outcomes is included in Figure 9. Performance has been assessed against the performance criteria set out in the 2017-18 Corporate Plan, as well as the performance criteria set out in the 2017-18 Portfolio Budget Statements.
CEFC FINANCE IN ACTION – ENERGY EFFICIENCY 2017-18
- Calculated as: (surplus from continuing operations, excluding concessional loan charges and unwind of concessional interest rate discount) divided by (total own-source revenue excluding the unwinding of concessional interest rate discount)
- Calculated as: Surplus from continuing operations divided by total own-source revenue