CEFC mobilises $105bn in clean energy project value

The Clean Energy Finance Corporation (CEFC) has mobilised $105 billion worth clean energy projects across the economy since its inception.

In the 2026 financial year, it invested a record $9.1 billion in projects, committing $27.1 billion since inception. Activity in the financial year spanned renewable energy, transmission infrastructure, natural capital, climate technology, transport and property.

CEFC chief executive Ian Learmonth said the past year had demonstrated Australia's clean energy transition has moved decisively from ambition to execution.

"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," Learmonth said.

Every dollar committed by the CEFC in 2025-26 attracted an additional $3.40 from co-investors, CEFC said, demonstrating its ability to crowd in private sector investment and accelerate decarbonisation outcomes.

CEFC recently appointed Rewiring the Nation (RTN) Fund chief investment officer Paul McCartney as its new chief executive, effective September 18.

"As announced recently, I will be stepping back from the CEFC in September this year and this will be my final CEFC investment update before I hand the baton over to my colleague and friend, Paul McCartney," Learmonth said.

"The CEFC is playing a crucial role in Australia's clean energy transition, and it has been a great privilege and pleasure to lead the organisation for almost a decade. This year's performance reflects its importance and impact and I'm proud to have worked alongside the exceptional CEFC team to achieve such outstanding results."

The RTN Fund remained 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," CEFC said.

"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."