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CEFC Annual Report 2020-21

CEFC Annual Report 2020-21 River Backdrop

The CEFC has a clear mission to accelerate investment in Australia’s transition to net zero emissions.

We invest to lead the market, operating with commercial rigour to address some of Australia’s toughest emissions challenges.

CEFC 2020 21 Video

We’re working with our co-investors across renewable energy generation and energy storage, as well as agriculture, infrastructure, property, transport and waste. Through the Advancing Hydrogen Fund, we’re supporting the growth of a clean, innovative, safe and competitive hydrogen industry. And as Australia’s largest dedicated cleantech investor, we continue to back cleantech entrepreneurs through the Clean Energy Innovation Fund. With $10 billion to invest on behalf of the Australian Government, we work to deliver a positive return for taxpayers across our portfolio.

 

Hear from CEO Ian Learmonth

Headshots Steven

From Chair
Steven Skala AO

In another year marked by the disruption of COVID-19, the CEFC demonstrated its position as a market leading financier and investor both catalysing and participating in a wide range of transactions supporting Australia’s transition to a low emissions economy. The CEFC continues to meet its public policy objectives.

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Headshots Ian

From CEO
Ian Learmonth

In 2020–21 the CEFC completed another outstanding year of clean energy investment, spearheading Australia’s efforts to cut emissions at a time when the imperative of our work is more urgent than ever.

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Investment highlights
2020-21

In a year of firsts, we were proud to make landmark investment commitments in new areas of the economy, in innovative technologies and in nation-building clean energy projects. Investments into new areas of the economy accounted for one third of new investment commitments in the 2020–21 year – across hydrogen, transmission and embodied carbon. Our investments also reached new areas in recycling, innovative solar technology, green home loans and the first climate-focused Australian equities index.

$9.5b

CEFC investment commitments

$5.3b

Powering renewable energy

$2.40:$1

Private sector leverage

$32.8b

Total transaction value

$3.7b

Delivering energy efficiency

$117.6m

Innovation Fund investments

$7.4b

Capital deployed

$492m

Low emissions technologies

~220

Large-scale transactions

The CEFC operates with a national focus, with our investment commitments stretching across Australia, including national and state-based projects and programs.

C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 1 8 m $ 2 2 m NT C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 5 4 0 m $ 2 . 9 b 20 2 0 – 2 1 $ 2 3 8 m $ 9 3 3 m WA C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 72 0 m $ 2 . 1 b 20 2 0 – 2 1 $ 2 7 m $ 16 m QLD C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 1 . 9 b $ 5 . 2 b 20 2 0 – 2 1 $ 2 6 7 m $ 1 . 2 b NS W C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 60 7 m $ 2 . 1 b 20 2 0 – 2 1 $ 4 0 m $ 1 1 2 m S A C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 8 4 m $ 3 4 3 m A C T C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 1. 1 b $ 4 . 7 b 20 2 0 – 2 1 $ 17 6 m $ 30 5 m VIC C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 2 5 . 5 m $ 3 0 6 m T A S N a t i o n a l C E F C c o m m i t m e n t T o t a l t r a n s a c t i o n v a l u e L i f e t i m e $ 4. 6 b $ 15 b 2 0 2 0 – 2 1 $ 62 0 m $ 2. 5 b 2 0 2 0 – 2 1 C E F C c o m m it m e n t L i f e t i m e C E F C c o m m i t m e n t National commitments are those investments that have the potential to be deployed nationwide, including smaller-scale clean energy investments via our asset financing programs, as well as CEFC commitments in climate bonds, green bonds and equity funds where they have a focus on emissions reduction. State-based transactions may occur across one or more geographical area. Totals may not add due to rounding. Lifetime figures are to 30 June 2021.
2020–21 CEFC commitmentLifetime CEFC commitmentNational commitments are those investments that have the potential to be deployed nationwide, including smaller-scale clean energy investments via our asset financing programs, as well as CEFC commitments in climate bonds, green bonds and equity funds where they have a focus on emissions reduction. State-based transactions may occur across one or more geographical area.Totals may not add due to rounding. Lifetime figures are to 30 June 2021.CEFC commitmentTotal transaction valueLifetime$18m$22mNTSACEFC commitmentTotal transaction valueLifetime$607m$2.1b2020–21$40m$112mNSWCEFC commitmentTotal transaction valueLifetime$1.9b$5.2b2020–21$267m$1.2bVICCEFC commitmentTotal transaction valueLifetime$1.1b$4.7b2020–21$176m$305mTASCEFC commitmentTotal transaction valueLifetime$25.5m$306mACTCEFC commitmentTotal transaction valueLifetime$84m$343mQLDCEFC commitmentTotal transaction valueLifetime$720m$2.1b2020–21$27m$16mWACEFC commitmentTotal transaction valueLifetime$540m$2.9b2020–21$238m$933mNationalCEFC commitmentTotal transaction valueLifetime$4.6b$15b2020–21$620m$2.5b

 

In this report

Our values
Leading investment, delivering returns
Investing with commercial rigour
Performance
Decarbonisation pathways
Low Emissions Technology Statement
Investment commitments: 2020-21
Governance
Financial Information and Appendices

 

Acknowledgement of Country

The CEFC acknowledges the Traditional Owners of Country throughout Australia and recognises their continuing connection to land, waters and culture.

We pay our respects to their Elders – past, present and emerging.

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