Commitments in 2018–19
The CEFC made new investment commitments of almost $1.5 billion in the 12 months to 30 June 2019, across 30 transactions with a total investment value of $6.3 billion. Some transactions are allocated across multiple categories, reflecting CEFC commitments across diverse technologies and/or industry sectors.
In the 12 months to 30 June 2019, we committed almost $1.5 billion in new investments across 30 projects with a total value of $6.3 billion. This included almost $1 billion in renewable energy, and more than $500 million in energy efficiency and low emissions projects.
Ian Learmonth
CEO, CEFC
Figure 6: CEFC commitments – low carbon electricity*
|
Renewables generators, electricity retailers and network service providers |
CEFC investment commitment 2018–19 |
|---|---|
|
Neoen Australia: Numurkah Solar Farm |
$56.2m |
|
Mirvac: Australian Build-to-Rent Club |
$2.0m |
|
SA Government Home Energy Storage Subsidy Scheme |
$100.0m |
|
NEXIF Energy: Lincoln Gap Wind Farm |
$50.0m |
|
Infrastructure Capital Group: AR1 |
$100.0m |
|
Housing Plus: Social and Affordable Housing |
$49.3m |
|
Intellihub Operations Pty Limited |
$10.0m |
|
ICA Partners2: Warada Capital Pty Ltd |
$5.0m |
|
RATCH-Australia Corporation: Collector Wind Farm |
$180.0m |
|
FlexiGroup Limited: Green bond |
$10.0m |
|
AllianceBernstein: Managed Volatility Equities (Green MVE) |
$15.0m |
|
Woolworths Group Ltd: Green bond |
$1.2m |
|
Total Eren: Kiamal Solar Farm |
$51.2m |
|
InfraRed Capital Partners: Curtin University |
$23.8m |
|
Neoen Australia: Gilgandra Solar Farm |
$57.6m |
|
Windlab Pty Ltd |
$6.9m |
|
Cromwell Diversified Property Trust: Seniors’ Living Village |
$25.8m |
|
Bank of Queensland: Energy Efficient Equipment Finance |
$50.0m |
|
Barwon Institutional Healthcare Property Fund |
$28.0m |
|
TOTAL |
$822.1m |
1 Australian Renewables Income Fund.
2 Previously Ironstone Capital Advisory.
Figure 7: CEFC commitments – electrification and fuel switching*
|
Electrification and fuel switching |
CEFC investment commitment 2018–19 |
|---|---|
|
Bank of Queensland: Energy Efficient Equipment Finance |
$20.0m |
|
TOTAL |
$20.0m |
Figure 8: CEFC commitments – ambitious energy efficiency*
|
Property, infrastructure, manufacturing, agriculture, community housing and universities |
CEFC investment commitment 2018–19 |
|---|---|
|
Mirvac: Australian Build-to-Rent Club |
$60.7m |
|
Housing Plus: Social and Affordable Housing |
$42.3m |
|
Cbus Property: 447 Collins Street Unit Trust |
$100.0m |
|
Relectrify Holdings Pty Ltd3 |
$2.5m |
|
Redback Technologies Pty Ltd3 |
$0.7m |
|
Intellihub Operations Pty Limited |
$15.0m |
|
AllianceBernstein: Managed Volatility Equities (Green MVE) |
$35.0m |
|
Zen Ecosystems Holdings Pty Ltd3 |
$2.0m |
|
Omni Tanker Pty Ltd3 |
$4.0m |
|
Woolworths Group Ltd: Green bond |
$28.8m |
|
Morse Micro Pty Ltd3 |
$1.8m |
|
Carbon Revolution Pty Ltd3 |
$2.0m |
|
InfraRed Capital Partners: Curtin University |
$89.7m |
|
Cromwell Diversified Property Trust: Seniors’ Living Village |
$34.2m |
|
Bank of Queensland: Energy Efficient Equipment Finance |
$30.0m |
|
Barwon Institutional Healthcare Property Fund |
$52.0m |
|
TOTAL |
$500.7m |
3 Clean Energy Innovation Fund.
Figure 9: CEFC commitments – biosequestration and non-energy emissions reduction*
|
Waste and bioenergy |
CEFC investment commitment 2018–19 |
|---|---|
|
Visy Packaging Properties Pty Ltd |
$30.0m |
|
Avertas Energy4: Kwinana energy-from-waste facility |
$90.0m |
|
TOTAL |
$120.0m |
4 Formerly Kwinana WtE Finance Co Pty Ltd.
* Some transactions are allocated across multiple categories, reflecting CEFC commitments across diverse technologies and/or industry sectors.
Visit
https://www.transparency.gov.au/annual-reports/clean-energy-finance-corporation/reporting-year/2018-2019-14