Rewiring the Nation Fund
Through the Rewiring the Nation (RTN) Fund, the CEFC is charged with investing $19 billion on behalf of the Australian Government in a range of projects essential to the achievement of our net zero emissions ambitions.
The RTN Fund will focus on investments that facilitate the timely delivery of grid and transmission projects and extend the benefits to consumers. The RTN Fund aims to spearhead investment in a range of essential projects, including transmission, infrastructure, long-duration storage, electricity distribution network infrastructure and distributed energy resources.
RTN Fund investments reflect the commercial rigour of the well-established CEFC investment approach.
Eligible investments
RTN-related investments are expected to lower Australia’s emissions by enabling the transition of our energy system to one based on at least 82 per cent renewables. Eligible investments may include:
1 |
Priority transmission projects identified by AEMO and other transmission network authorities |
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Opportunities to enhance benefits to electricity consumers, including additional renewable energy generation facilitated by RTN Fund investments |
3 |
Long duration grid storage and enhanced electricity distribution network infrastructure, including distributed energy |
4 |
Measures to strengthen the security, reliability and affordability of the grid, including demand management resources, and |
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Enhancements to grid infrastructure to support a hydrogen hub or offshore electricity projects. |
Capital intensive task
The RTN Fund is intended to address the financing barriers to building the required grid electricity infrastructure needed to achieve Australia’s energy transition. CEFC capital will be co-invested with private and public sector proponents. Concessional finance arrangements may be made on a case-by-case basis. Subject to commercial considerations, the CEFC expects to make RTN-related investment decisions in the 2023–24 calendar year. The timing of all CEFC investments is determined on a case-by-case basis. While RTN-related transactions are likely to be large and complex, it is important Australia moves swiftly to modernise the grid and related infrastructure in order to reach our renewable energy target of 82 per cent by 2030.
READ OUR INSIGHT
Powering towards our net zero economy
Read our Investment Insight which provides insights into the operation of the RTN Fund and the role of the CEFC in addressing the financing barriers to Australia’s clean energy transition.
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