Where we invest

Cleaner power solutions

The CEFC invests in a range of cleaner power solutions which can help reduce Australia's emissions, improve energy efficiency and lower operating costs. This includes large and small-scale solar, grid and storage, wind and bioenergy.

Large-scale solar

The CEFC has made substantial commitments to accelerate the development of several large-scale solar projects, and to take advantage of Australia's natural advantage in solar:

  • Our $20 million investment in the Ross River Solar Farm near Townsville is the CEFC's first equity stake in a solar farm, sending an important signal to institutional investors about the commercial potential of greenfield clean energy developments. When completed in 2018, the $225 million Ross River Solar Farm is expected to generate enough energy to power the equivalent of 65,000 homes.
  • Regional New South Wales will benefit from a $150 million investment commitment from the CEFC, to accelerate the construction of three major solar projects with a total value of $230 million. The three large-scale solar farms will be built in Dubbo, Parkes and Griffith. They are the first projects to receive debt finance under the CEFC's large-scale solar financing program and, together, represent the CEFC's most substantial commitment to large-scale solar to date.
  • Genex Power Ltd has secured $54 million in CEFC debt finance for the development of the Phase One 50MW large-scale solar farm at its Kidston Renewable Energy Hub, near Townsville. The solar farm is expected to lead to the Phase Two development of a pumped hydro storage project on the same site.
  • Central Queensland's Barcaldine Solar Farm began generating and feeding power into the grid in December 2016, within just a year of the CEFC announcing its $20 million finance commitment. The projecct was a fast build, demonstrating how knowledge and expertise developed for Australian conditions is benefiting the entire solar sector.
  • The CEFC also provided finance for the Moree Solar Farm, in an innovative transaction which was named IJ Global's 2014 Asia Pacific Solar Transaction of the Year.
  • Read more about our large-scale solar program, and our commitment to support the accelerate development of large-scale pumped hydro storage.
  • The CEFC is committing a total of $31.5 million to Canadian Solar's 15MW Longreach Solar Farm in Central Queensland and 25MW Oakey Solar Farm on Queensland's Darling Downs. 

Large-scale storage

Storage and grid-scale batteries are an essential part of a strong electricity system - with large-scale storage enabling higher volumes of clean energy to be incorporated into the grid, as part of Australia's modern electricity system of the future.

The CEFC sees large-scale storage and flexible capacity projects as essential to provide flexibility, accommodate variable and distributed energy generation and allow for improved management of electricity networks.

Large-scale storage can help balance electricity supply with demand by allowing energy produced from intermittent sources such as solar and wind to be stored and dispatched as needed. This can make the electricity grid more efficient and reduce rising cost pressures. It can also provide some critical elements of grid stability.

The CEFC is providing $54 million to Phase One of the 50MW large-scale solar farm at the Kidston Renewable Energy Hub, 270km north west of Townsville. The solar farm is expected to lead to the Phase Two development of a pumped hydro storage project on the  same site.

The CEFC is also working with the South Australian Government to develop a financing package to support the accelerated delivery of Australia's largest grid-scale battery storage project, a 100MW facility for the South Australian energy market. 

In addition, the CEFC and ARENA are working together to accelerate the development of large-scale energy storage projects.

In the first phase, ARENA and the CEFC will accelerate a number of large-scale energy storage demonstration projects already in their pipeline. ARENA will also seek further expressions of interest under its Advancing Renewables Program, setting aside around $20 million for successful new projects.  

In the second phase, experience gained from the demonstration projects will help design a competitive funding round for large-scale energy storage, modelled on the successful parallel large-scale solar financing programs announced by the CEFC and ARENA in 2015.

Eligible projects are those which provide flexible capacity to the system such as battery storage, pumped hydro, concentrated solar thermal, biomass and demand management technology.

The CEFC will also consider finance solutions for other projects not seeking ARENA funding.

Submit a proposal for CEFC finance.

Generating electricity through wind

Wind is an important part of Australia's clean energy transition, and is forecast to make a substantial contribution to the Renewable Energy Target.  The CEFC is working with a range of wind projects which are capitalising on the natural strengths of regional Australia, as well as delivering new income streams to local communities. CEFC investments in the wind sector include:

  • $80 million to help accelerate the development and delivery of the $236 million 113 MW Bodangora wind farm, near Wellington in the state's central west. Once operational, the Bodangora wind farm is expected to produce enough energy to meet the needs of over 49,000 homes, making an important contribution to the renewable energy capacity in New South Wales. 
  • $120 million as one of the co-financiers in the development of the $588 million 270MW Sapphire Wind Farm between Glen Innes and Inverell in northern New South Wales. The project is expected to generate enough electricity to power 110,000 average homes, and abate some 600,000 tonnes of carbon emissions a year.
  • $8 million in debt finance to Canberra-based  Windlab to help it expand its business commercialising CSIRO-developed innovation and continue its transition from project development to investment and asset management
  • $67 million in senior debt finance  for Ararat Wind Farm in Victoria, which will create enough electricity to power 120,000 homes
  • $70 million in debt finance for the expansion of the  Portland Wind Energy Project in Victoria, supporting Australian manufacturing, resources and skills
  • $50 million in senior debt finance for  Macarthur Wind Farm in Victoria, the largest in the southern hemisphere with the potential to avoid 1.7 million tonnes of Australian carbon emissions a year
  • $37.5 million in senior debt finance for the  Taralga Wind Farm, in New South Wales, a boost for the local wind engineering sector.

Bioenergy and energy from waste

The Australian bioenergy and energy from waste market has considerable potential. In our Australian bioenergy and energy from waste market report, we estimate a bioenergy investment opportunity of up to $5 billion by 2020, potentially doubling the current level of installed capacity. In our state-by-state update, we highlight supportive regulatory environments for energy from waste in several states. Our bioenergy investments include: