The CEFC Act requires the CEFC to invest in eligible clean energy technologies, including renewable energy, energy efficiency and low emissions technologies.
The CEFC Act also requires the CEFC to ensure that, at any time on or after 1 July 2018, at least half of the CEFC funds invested at that time for the purposes of its investment function are invested in renewable energy technologies. At 30 June 2018, 53 per cent of CEFC’s funds invested were invested in renewable energy technologies.
Since inception to 30 June 2018, the CEFC had committed a total of $3.6 billion to renewable energy, and $3.0 billion to energy efficiency and low emissions technologies.
CEFC commitments in 2017-18 included $1.1 billion in renewable energy, $944 million in energy efficiency, $100 million in transport and $127 million in waste-related projects.
Renewable energy related investments during 2017-18 included 10 large-scale solar projects and four wind farms, to deliver an additional 1,100MW in clean energy capacity Australia-wide. Substantial commitments to energy efficiency featured projects in property, infrastructure and agriculture.
We also delivered an increased focus on non-energy related emissions, particularly those produced by waste and landfill.