Clean Energy Finance Corporation

The Australian government’s green bank has identified small- to medium-sized renewable energy generation projects as a key focus, tripling its existing mandate with specialist fund manager Infradebt in a move designed to drive investment in the space which it said has traditionally suffered from a funding “gap”.

The federal government has followed the release of its first electric vehicle strategy with a flurry of funding commitments designed to drive an increase in the number of zero-emission cars on Australian roads and in turn decarbonise the nation’s transport system.

The Australian government’s green bank has inked a landmark agreement with the Queensland government to develop critical transmission and grid infrastructure to connect more than 1.5 GW of renewable energy assets to the National Electricity Market.

The Australian government’s green bank has extended its collaboration with the Australia and New Zealand Banking Group, committing up to $200 million as part of a clean energy asset purchasing program to help Australian businesses invest in energy efficient and renewable technologies to cut costs and reduce emissions.

The Australian arm of U.K.-based global fund manager Octopus Group and the Clean Energy Finance Corporation have added another renewable energy project to their joint venture’s portfolio, announcing they will work with the founders of the Blind Creek Solar Farm near Bungendore in regional New South Wales to deliver the 300MW agri-solar and battery project.

The Australian government’s green bank has announced the launch of its first specialist fund manager as it looks to increase the amount of investment capital available for clean energy start-ups that can help achieve net zero emissions.

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”.

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.

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.

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.