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01 Performance

National footprint

The CEFC has a strong commitment to extend the geographic reach of our finance.

We have a national focus and seek to identify and respond to clean energy opportunities Australia-wide.

Since inception, the total value of CEFC commitments specific to each state and territory, reached $3.7 billion, excluding
national-level investments.

For the same period, national commitments (where CEFC finance has potential to be deployed nation-wide) reached $2.9 billion, across more than 40 transactions. This brings together smaller-scale clean energy investments via our asset financing programs, as well as CEFC commitments in climate bonds and equity funds with a specialist clean energy focus.

The CEFC remains committed to extending the geographic reach of our finance. Our largest investment in Tasmania, $59 million for the Granville Harbour Wind Farm, reached financial close just after year end, and is therefore not fully reflected in 2017-18 figures. We are also considering a number of opportunities in Western Australia and South Australia, complementing the recent strong levels of renewable energy-related investments in Queensland and Victoria.

Total Value of CEFC Commitments Since Inception

Deep economic impact

The CEFC has made substantial investment commitments in agribusiness, infrastructure, transport and property funds and projects.

The CEFC has a broad role in catalysing additional private sector investment to reduce the carbon intensity of the economy.

This can occur through changes in production processes within industries, using proven technologies to transition to lower emissions and renewable energy.

While it is not possible for the CEFC to directly influence the emissions and energy profile of every asset in the economy, in 2017-18 we stepped up our engagement with industry leaders, providing finance for market-leading exemplar projects which have the added benefit of providing practical insights for others to adopt.

The CEFC has made substantial investment commitments in agribusiness, infrastructure, transport and property funds including partnerships with leading sustainability-focused companies, including Dexus, IFM Australia, Lendlease, Macquarie Group and Mirvac.

These commitments are characterised by accelerated emissions reduction targets, higher technology and construction standards, and the creation of new mechanisms to share insights and performance with other asset owners and operators. Collectively, they seek to encourage best-in-class approaches to accelerating the achievement of lower emissions. These fund managers have a strong commitment to emissions reduction and, alongside the CEFC, are investing for the long term to embed clean energy technologies across large and complex portfolios.

This investment approach is an innovative way for the CEFC to maximise the impact of our capital. It is also an important way to support the development of new and innovative investment vehicles to meet the growing appetite for sustainable investment.