Investment commitments: 2019–20
The 2019–20 year was marked by important developments across the CEFC portfolio,
including ground-breaking investments in new technologies and economic sectors.
| New commitments | CEFC $m | Transaction detail | |
|---|---|---|---|
| Â 1 | Adamantem Capital Fund II | 80 | Equity investment in a managed fund focused on driving emissions reduction |
| Â 2 | ANZ | 100 | Finance for smaller scale energy efficiency and renewable energy assets |
| Â 3 | Australian Unity Green Bond Fund | 70 | Investment in the Australian Unity Green Bond Fund, the first dedicated green bond fund in the Australian market |
| Â 4 | Bank Australia | 60 | Finance for green home loans supporting energy efficiency and renewable energy |
| Â 5 | Hayman and Daydream solar farms | 21.2 | Large scale solar debt finance |
| Â 6 | Genex Power Limited | 20 | Corporate subordinated debt facility supporting the Jemalong and Kidston large scale solar farms |
| Â 7 | Greensync | 0.35 | Clean Energy Innovation Fund: follow-on equity finance in distributed energy |
| Â 8 | Infradebt Ethical Fund | 50 | Investment in a debt fund financing smaller utility scale renewable energy projects |
| Â 9 | JET Charge | 3.5 | Clean Energy Innovation Fund: investment in electric vehicle charging infrastructure |
| Â 10 | East Rockingham Waste to Energy Facility | 57.5 | Subordinated debt facility for a waste to energy facility |
| Â 11 | Macquarie Australian Infrastructure Trust | 100 | Equity investment to target emissions reduction in key Australian infrastructure assets |
| Â 12 | Hornsdale Power Reserve | 50 | Debt finance for a large scale battery storage facility |
| Â 13 | NSW Empowering Homes Program | 7 | Debt facility for the installation of residential battery storage alongside rooftop solar: NSW Government program |
| Â 14 | Pro-invest Australian Hospitality Opportunities Fund II | 50 | Equity investment in a fund for the construction of energy efficient hotels |
| Â 15 | QIC Shopping Centre Fund | 30 | Corporate green bond issuance |
| Â 16 | QIC Shopping Centre Fund | 80 | Equity investment in a shopping centre fund to implement clean technology and energy efficiency |
| Â 17 | Qualitas Build-to-Rent Impact Fund | 140 | Syndicated debt facility to a build-to-rent residential fund to provide sustainable options for the rental market |
| Â 18 | RateSetter | 20 | Finance for a peer-to-peer green lending platform (trading name changed to Plenti) |
| Â 19 | Soil Carbon Company | 1.7 | Clean Energy Innovation Fund: equity investment in an agricultural technology company |
| Â 20 | Stockland | 75 | Corporate debt facility supporting the reduction of emissions from a diversified real estate portfolio |
| Â 21 | Tenacious Ventures Fund | 8 | Clean Energy Innovation Fund: equity investment in the first Australian dedicated agrifood tech venture capital fund |
| Â 22 | Kiamal Solar Farm | 11 | Follow-on equity investment in synchronous condenser |
| Â 23 | Zen Ecosystems | 3 | Clean Energy Innovation Fund: follow-on equity investment in smart energy management |
Changes in portfolio
As the CEFC portfolio matures, there is evidence of growing investor interest in refinancing CEFC transactions, a positive indication of the commercial benefits of investing in clean energy opportunities. During 2019–20, almost $942 million in CEFC finance was repaid or recouped through sale or redemption, markedly higher than the record $321 million reported in 2018–19. Total repayments since the CEFC began investing reached $1.66 billion to 30 June 2020, with CEFC capital available for reinvestment on behalf of the Australian Government. See Appendix F for further information about realised investments.
$1.66b
Total repayments since the CEFC began investing, to 30 June 2020
