The Clean Energy Finance Corporation (CEFC) has reported a defining year of investment activity, helping the green bank to reach a new milestone of $105 billion in renewable energy project value.
CEFC CEO Ian Learmonth said the past year demonstrated that Australia’s clean energy transition had moved decisively from ambition to execution.
“While emissions reduction remains at the heart of the CEFC mission, recent events have reinforced that the clean energy transition is also about building a stronger, more resilient economy, improving energy security and creating long-term economic opportunity,” he said.
Related article: CEFC and Hyundai Capital to reduce upfront EV costs
“The past year has been a defining one for Australia’s transition to net zero. Global energy markets have again highlighted the importance of reducing our reliance on fossil fuels and accelerating the shift to clean, renewable energy and electrified transport.”
Building on its record investment activity in 2024-25, the CEFC has now committed $27.1 billion since its inception.
Activity in the 2025-26 financial year spanned renewable energy, transmission infrastructure, natural capital, climate technology, transport, and property.
Every dollar committed by the CEFC in 2025-26 attracted an additional $3.401 from co-investors, demonstrating the ongoing ability of CEFC capital to crowd in private sector investment and accelerate decarbonisation outcomes across the economy.
CEFC Investment commitments in 2025-26 reflected the breadth of opportunities emerging across the Australian economy, ranging from significant transmission infrastructure projects via the Rewiring the Nation Fund (RTN Fund), which remains the CEFC’s largest area of investment activity in 2025-26, accounting for $7.2 billion in commitments.
As coal-fired power stations retire, investment in transmission infrastructure is critical to connecting Australia’s world-class solar and wind resources to homes and businesses while maintaining reliability and reducing costs. The RTN Fund supports this least-cost transformation through flexible and tailored financing structures designed to accelerate priority transmission projects and reduce costs for consumers.
During the year, the CEFC committed an expected $3.8 billion through the RTN Fund to support the construction of Stage 1 of Marinus Link, a 750MW undersea and underground electricity and data interconnector between north-west Tasmania and Victoria’s Latrobe Valley.
The concessional financing package for Stage 1 of Marinus Link is expected to deliver $900 million in benefits to Tasmanian and Victorian electricity consumers, during the first five years of operation, reducing the impact of transmission-related consumer costs by approximately 45% in that period.
Related article: Marinus Link finance complete with record CEFC investment
The CEFC also committed $1.2 billion to Stage 1 of North West Transmission Developments, a complementary project that will increase electricity transfer capacity within Tasmania and connect with Marinus Link.
The financing structure is forecast to reduce project-related network charges by around 55% over the life of the project compared with standard regulatory settings, delivering an estimated $315 million in benefits to Tasmanian electricity consumers in the first five years of operation.
