Cooperative investment in electricity transmission and generation infrastructure in the Pilbara could save the nation more than $30 billion over the next quarter-century, according to a new report commissioned by the federal government’s “green bank”, the Clean Energy Finance Corporation. The region contributes approximately 23 per cent of Australia’s industrial emissions, due to its heavy…
The federal government has announced financial close for Stage 1 of Marinus Link, an undersea and underground electricity and data interconnector linking Victoria and Tasmania, after $3.8 billion in funding from the Clean Energy Finance Corporation was secured. According to a statement from federal energy minister Chris Bowen and others on Wednesday, it marks the…
The federal government has announced an extra $2 billion to the Clean Energy Finance Corporation (CEFC), spruiking the potential to attract triple that amount in private investment and assist households and small businesses with energy savings. The CEFC said the additional $2 billion – provisioned for in the government’s mid-year economic and fiscal outlook –…
The Treasurer Jim Chalmers and the Minister for Industry and Science Ed Husic have announced the establishment of an Investor Council to help unlock more private sector capital in key areas like housing and cleaner and cheaper energy. An outcome of an Investor Roundtable on Friday, the council support better coordination of investment in national…
Federal funding bodies supporting energy and industrial transformation should direct more funds towards early stage R&D to support innovation according to a new report from the Centre for Policy Development. The report – Ideas to industries: How to get the most out of public money for industrial development – said most of the funds from…
Ground has been broken in Wodonga, Victoria today on one of Australia’s largest renewable hydrogen plants – a facility that is predicted to cut CO2 emissions by around 4,000 tonnes each year from 2025. Owned by Australian Gas Infrastructure Group, the 10MW Hydrogen Park Murray Valley facility will deliver renewable hydrogen to more than 40,000…
The Clean Energy Finance Corporation (CEFC) has made its first investment into greening Australia’s ports through electrification. A $70 million CEFC investment in Flinders Port Holdings (FPH) is the first-ever green financing of container stevedoring operations in Australia and will reduce emissions and help cut costs. The shipping industry is traditionally a hard to abate…
The clean Energy Finance Corporation’s work of co-investing alongside private sector funds has never been more important than in 2024. Here in his investment update for 2023-24 CEFC CEO Ian Learmonth writes of a year of investment opportunities and constraints, of emissions progress and the increasingly personal impacts of climate change. As a specialist investor…
A report released by think tank Climate Energy Finance (CEF) has claimed that decarbonising the Pilbara region of Western Australia is key to doubling Australian iron exports by value to $250 billion. The report, SUPERPOWERING-UP, was released on Tuesday and warns against continued inaction in greening the Pilbara’s energy supply. According to the report, only…
ClearVue secures second solar window order from US customer Building-integrated photovoltaics company ClearVue Technologies has secured a repeat order from System USA for a solar greenhouse demonstrator showroom. The $175,000 project will create a demonstrator greenhouse exhibiting ClearVue technology which generates electricity from its solar glazing. The project will be eligible for incentives under the…