The Clean Energy Finance Corporation (CEFC) was established on 3 August 2012, with $10 billion in funding available over 5 years. The CEFC invests in renewable energy, low-emissions technology and energy efficiency projects. Funding is generally provided through loans on commercial or concessional terms. However, the CEFC is not restricted from using other structures to address impediments to investment in the clean energy sector.
2020 Update: In May 2020, the $300 million Advancing Hydrogen Fund was launched via an update to the Clean Energy Finance Corporation Investment Mandate Direction 2020. The Mandate directs the CEFC to make available up to $300 million in CEFC finance to support the growth of a clean, innovative, safe and competitive Australian hydrogen industry.
- Multiple end-uses