CEFC: $2.3 bln available for clean energy projects

The Clean Energy Finance Corporation (CEFC) has stated it has over $2.3 bln available for investment into clean energy projects.

CEFC also stated that it is looking forward to increased certainty over Australian renewable energy target (RET) scheme in order to enable commercially-viable, proven, utility-scale projects to get access to finance more readily.

Oliver Yates, CEO at CEFC, said: “The CEFC agrees with the Clean Energy Council (CEC) and others across the industry concerning the need for the return of greater investor confidence in the future of the RET and long term policy settings, as this is essential to unlock further development and diversification of Australia’s renewable energy sector.”

CEC has estimated that once legislated, the revised RET could potentially unlock more than $30 bln in investment in the renewable energy sector.

Yates added: “Clear long-term policy would lower risk premiums for financiers, helping to bring down the levelized cost of energy of clean energy technologies and the overall cost of deploying diversified new renewable energy capacity.”

CEFC has been established under the Clean Energy Finance Corporation Act 2012 with the aim to overcome market barriers and mobilise investment in renewable energy, energy efficiency and low emissions technologies.

Image: CEFC