Clean Energy Finance Corporation

Established by the Clean Energy Finance Corporation Act 2012, which commenced on 3 August 2012, as part of the Clean Energy Future package. It absorbed Low Carbon Australia Limited and began investing on 1 July 2013.

Legislation: Clean Energy Finance Corporation Act 2012

1. 1 July 2013Began its investment function.
2. November 2013The Abbott government introduced legislation to abolish the corporation; the Senate did not pass it and the corporation continued.
3. 21 September 2015Moved to the Department of the Environment portfolio, with the Minister for the Environment replacing the Treasurer as a responsible minister alongside the Minister for Finance.
4. 19 July 2016Moved to the Department of the Environment and Energy portfolio.
5. 1 February 2020Moved with energy to the Department of Industry, Science, Energy and Resources portfolio.
6. 2022Made the investment vehicle for most of the Rewiring the Nation program for electricity transmission.
7. 1 July 2022Moved to the Department of Climate Change, Energy, the Environment and Water portfolio.

• Debt and equity investment in renewable energy projects
• Finance for energy efficiency and low-emissions technologies
• Co-financing with private sector lenders and investors
• Investment in grid infrastructure, including Rewiring the Nation funds
• Specialised funds for innovation, housing and other sectors

In the portfolio of Department of Climate Change, Energy, the Environment and Water.

Type of body

Corporate Commonwealth entity

Portfolio

Climate Change, Energy, the Environment and Water

Accountable authority

Board – Clean Energy Finance Corporation Act 2012 sections 8, 13-15 with reference to section 23 note

ABN

43 669 904 352

Loading lineage…