Australia’s Clean Energy Finance Corporation (CEFC) has delivered a defining year of investment, committing a record AU$9.1 billion in the 2025–26 financial year and pushing total lifetime project values across the national economy past AU$105 billion.
The federal government’s ‘green bank’ helped drive AU$19.6 billion in total transaction value over the 12 months to June 30, crowding in private sector capital at a critical juncture in the nation’s energy transition. Clean energy now accounts for half of Australia’s annual electricity generation.
The record-breaking performance brings lifetime commitments by the CEFC to AU$27.1 billion across 440 transactions. In the 2025–26 financial year, every dollar committed by the corporation attracted an additional AU$3.40 in co-investment from private sector partners.
Transmission infrastructure formed the backbone of annual activity. The Rewiring the Nation Fund accounted for AU$7.2 billion of commitments, led by an expected AU$3.8 billion financing package for Stage 1 of the 750MW Marinus Link interconnector between Tasmania and Victoria.
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.
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.
A further AU$1.2 billion was committed to Tasmania’s North West Transmission Developments. Together, these projects are expected to deliver over AU$1.2 billion in savings to Tasmanian and Victorian power consumers in their first five years of operation.
Beyond large-scale grid developments, the CEFC backed targeted household and technology initiatives.
The Household Energy Upgrades Fund supported discounted lending schemes saving families up to 85 per cent on energy bills, while cumulative financing helped fund more than 23,000 electric vehicles.
The update represents the final annual results under outgoing CEO Ian Learmonth, who steps down in September after leading the corporation for almost a decade. He will hand leadership to incoming CEO Paul McCartney.
“The past year has been a defining one for Australia’s transition to net zero,” Learmonth said.
“Recent events have reinforced that the clean energy transition is also about reducing costs, building a stronger, more resilient economy, improving energy security and creating long-term economic opportunity.”