Submit proposal

FAQs

  1. What is the CEFC and what is your purpose ?
  2. Who considers proposals ?
  3. How do you consider proposals ?
  4. How long will it take to hear from you ?
  5. What additional information do I need to include with my proposal ?
  6. What kind of financial terms can be expected ?
  7. Who can provide more information or respond to questions ?
  8. Will you keep my application confidential ?
  9. Who is eligible for finance for a project ?
  10. How long should proposals be ?
  11. Is there a minimum/maximum amount of finance that can be applied for ?
  12. What quality assurance is required for successful projects ?
  13. Do you offer grants ?
  14. What is concessionality and how is it calculated? ?
  15. Will you look at innovative technologies and proposals ?
  16. What is your approach to debt and equity financing ?
  17. What is the level of Australian participation in CEFC investments ?
  18. I am a small business. Can I get CEFC finance ?
  19. To what extent do you consider external impacts from your investment strategy ?
  1. What is the CEFC and what is your purpose ?

    The CEFC works across the Australian economy, delivering financial solutions to increase the flow of funds into the clean energy sector. Drawing on $10 billion in finance, we focus on delivering cleaner power solutions, creating a better built environment and encouraging new sources of capital into the clean energy sector. We help private sector financiers and investors see the commercial potential of clean energy, increasing the flow of finance for renewable energy, energy efficiency and low emissions technologies. In this way we operate with the rigour of a commercial financier, while delivering on our clean energy public policy purpose.  Find out more on our website: cleanenergyfinancecorp.com.au.  

    Back to top
  2. Who considers proposals ?

    We apply commercial rigour to individual investment decisions, which are made independently of the Australian Government, in accordance with the CEFC Act.

    Back to top
  3. How do you consider proposals ?

    Like any other financial institution, we consider proposals based on their commercial viability. We also place value on the externalities generated from proposals. Proposals are reviewed against our eligibility and evaluation criteria. 

    Back to top
  4. How long will it take to hear from you ?

    We aim to assess all enquiries as fast as we can, depending on the level of complexity and volume of enquiries we receive. We will typically get back to you within two to three business days.

    Back to top
  5. What additional information do I need to include with my proposal ?

    Depending on the nature of your proposal, our application form may ask for additional supporting information, such as audited financial statements, energy audits or project feasibility studies. For individual project proposals, we will require a project cash flow if we are satisfied with the project's eligibility and initial assessment outcomes.

    Back to top
  6. What kind of financial terms can be expected ?

    Financial terms, including financial product type, interest rate and payback period can be tailored to suit each individual project. Naturally, we cannot provide financial terms until we have undertaken a satisfactory assessment and due diligence of the following. Please note, this list is indicative and not exhaustive:

    • Project and technology type
    • Risk (technical, financial, delivery and implementation, and credit)
    • Life of the project
    • Anticipated energy and carbon savings
    • Amount of finance being requested from the CEFC
    • Amount of finance sourced from parties external to the CEFC.

    Our Investment Mandate Direction specifies our Portfolio Benchmark Return (PBR) for the performance of funds invested based on a weighted average of the five-year Australian Government Bond Rate.

    Proponents should not expect to be able to access the CEFC's funding at the PBR. We take a commercially rigorous approach to our investments and seek to deliver a market-based return on our investments which exceeds the CEFC's PBR. The actual return for any given investment will be a market based risk-adjusted return reflecting the:

    • Individual characteristics of specific projects
    • Need to cover at least the operating expenses of the CEFC
    • Requirement to meet the PBR on a portfolio basis and other factors.

    Finance will be offered on the least generous terms possible for a given project to proceed.

    Projects seeking CEFC finance of more than $20 million must comply with Australian Industry Participation Plans (AIPP) policy.

    Back to top
  7. Who can provide more information or respond to questions ?

    You can contact us via email. Details are available on our Apply Now page. 

    Back to top
  8. Will you keep my application confidential ?

    All proposals and associated information are treated as commercially confidential. Applicants supplying information to the CEFC should be aware that we are subject to the provisions of the Freedom of Information Act (FOI) 1982 and information provided to us may become the subject of an FOI access request.  We will always ask your permission before sharing information specific to your proposal with external parties if that information is not already in the public domain.

    Back to top
  9. Who is eligible for finance for a project ?

    The self-assessment eligibility checklist on our online application form  can help you identify if your proposal is eligible for consideration. If you answer "no" to any of the questions on that form, your project may be ineligible for CEFC finance. If you are still uncertain, please email us through our Apply Now page.

    Back to top
  10. How long should proposals be ?

    The application form is a starting point and should be kept concise. The form provides sufficient space to answer specific questions and you can attach additional information if necessary. The better the information we get about your proposal, the more promptly we can respond.

    Back to top
  11. Is there a minimum/maximum amount of finance that can be applied for ?

    Our preferred minimum individual investment size for renewable technology projects is $20 million. We have limited ability to process a volume of small individual project transactions and are mindful of limiting transaction costs, meeting performance benchmarks and achieving self-sufficiency. We have a range of programs with co-financiers to assist with smaller transactions and we encourage project proponents to also consider these.

    Back to top
  12. What quality assurance is required for successful projects ?

    If your proposal is successful, we will discuss the ongoing reporting requirements we may require after project implementation. In many instances, you may be able to draw on your existing internal organisational reporting.

    Back to top
  13. Do you offer grants ?

    We do not provide grants, but we may co-finance or co-invest in projects that have received grant assistance.

    Back to top
  14. What is concessionality and how is it calculated? ?

    A concessional loan is offered on more favourable terms than could be expected to be available between a private sector lender and private sector borrower. The concession(s) provided may take many forms but typically will be one or more of:

    1. Lower than market interest rates
    2. Longer loan maturity
    3. Longer/more flexible grace periods before the payment of principal and/or interest is due. 

    The size of the concession(s) can be quantified for accounting purposes as a concessionality charge.

    Back to top
  15. Will you look at innovative technologies and proposals ?

    Yes. The CEFC Innovation Fund  focuses on companies, businesses and projects at early stages of development that are now seeking growth capital, or early stage capital, to assist their businesses get to the next stage of their development. The Innovation Fund is jointly managed by the CEFC and ARENA. You can apply for finance through the CEFC application process.

    Back to top
  16. What is your approach to debt and equity financing ?

    A key objective of the CEFC is to seek out innovative structures to address financial impediments to private sector investment in the clean energy sector. Our investments may be in the form of debt products or equity investments or a combination of both. Our diverse portfolio comprises approximately 70 per cent in senior debt investments and 30 per cent in equity or hybrid investments.

    Back to top
  17. What is the level of Australian participation in CEFC investments ?

    We encourage Australian participation in our investments. For projects of more than $20 million, we are required to ensure that our finance recipients agree and adhere to the Australian Industry Participation (AIP) Plans policy. AIP Plans are designed to increase opportunities for capable and competitive Australian and New Zealand small and medium sized enterprises to participate in major projects.  

    Back to top
  18. I am a small business. Can I get CEFC finance ?

    Yes. We are committed to attracting additional private sector finance into clean energy and have developed a range of exciting programs with co-financiers to support the transition to renewable energy, and support energy efficiency and low emissions technologies. These are particularly relevant to small businesses, manufacturers and agribusiness, as well as small-scale commercial property. Find out more here.

    Back to top
  19. To what extent do you consider external impacts from your investment strategy ?

    The CEFC's Investment Mandate requires that we conduct a comprehensive evaluation of investment proposals in arriving at investment decisions and consider a wide array of factors that a private sector financier would be unlikely to consider. These include:

    • The positive impact (externalities) of the investment
    • The potential effect upon the efficient operation of the Australian financial and energy markets and on other market participants
    • A duty of care to not act in a way that is likely to cause damage to the Australian Government's reputation
    • Supporting best practice principles in environmental, social and corporate governance matters in the context the CEFC and its investment activities.

    Positive externalities result from technologies moving faster along the innovation chain, down the cost curve and through greater acceptance in financing markets. They can also flow from improvements in technology design, supply chain depth, construction practices, operating skills, financing structures and market risk appetite.

    The positive externalities generated by CEFC investments will over time have a cumulative impact across the sector, leading to reduced carbon emissions and accelerating Australia's clean energy transformation. 

    We are obliged to take these matters into account in evaluating investment opportunities but they are not further qualifying or eligibility for investment.  The degree to which they influence decisions is a matter of business judgment and is assessed on a case-by-case basis.

    Back to top