financing clean energy for local … clean energy for local government presented by: tim jordan...
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FINANCING CLEAN ENERGY
FOR LOCAL GOVERNMENT PRESENTED BY: TIM JORDAN
SEPTEMBER 2017
CEFC MISSION
To accelerate Australia's transformation
towards a more competitive economy in
a carbon constrained world, by acting as
a catalyst to increase investment in
emission reduction.
WHO WE ARE • A unique mix of finance and
clean energy experts
• Proven track record in clean
energy investment
• Independently-run
government organisation
• National focus
WHAT WE OFFER • Finance for cleaner power
solutions and a better
built environment
• $10 billion capital
• Innovative finance, including
debt and equity
• Private sector expertise with a
public policy purpose
EXPERT
We have a breadth of expertise across our
target sectors, and work closely with
project partners to deliver clean energy
outcomes which make economic and
commercial sense.
COMMERCIAL
We take a commercial approach to our
activities, delivering a positive financial
return on our investments while also
delivering on our public policy purpose.
TRANSFORMATIVE
We operate at the forefront of the finance
and energy sectors helping our clients
meet their sustainability objectives and
delivering outcomes which transform
Australia’s clean energy investments.
INNOVATIVE
We provide a range of innovative
finance solutions, including debt and/or
equity, and tailor our financial solutions
to meet the needs of individual projects.
WHY WORK WITH US
[VALUE]M
[VALUE]M [VALUE]M
[VALUE]M
[VALUE]M
2012-13 2013-14 2014-15 2015-16 2016-17
*After allowing for new investments in each year, minus loans fully amortised,
repaid or exited, and expired or cancelled undrawn commitments, at June 30 2017
$3.4B of current investment
commitments*
79 direct projects since inception
$11B in project value
7 co-finance and aggregation programs
that have delivered over $250m in
finance to more than 2,000 smaller
projects and businesses across Australia
CEFC INVESTMENT PORTFOLIO
CEFC INVESTMENT COMMITMENTS FY17
1 Renewables, retailers,
network service providers
$844M CEFC
$3.3B TOTAL PROJECT VALUE
$102M CEFC
$382M TOTAL PROJECT VALUE
3 Transport
$1.1B CEFC
$2.8B TOTAL PROJECT VALUE
2 Property, infrastructure,
manufacturing, agriculture
ESTIMATED ANNUAL ABATEMENT 5M TCO2-e
INVESTING IN THE DECARBONISATION PATHWAYS
Low carbon electricity
Energy efficiency
Large scale solar
Wind Grid and storage solutions
Waste, bioenergy and agriculture
Transport
INVESTING ACROSS THE ECONOMY
Large scale solar
Wind Grid and storage solutions
Waste, bioenergy and agriculture
Low carbon electricity
Energy efficiency
Community housing
Local govt and universities
Property
Infrastructure
Agriculture
Manufacturing and industry
Transport
INVESTING ACROSS THE ECONOMY
INVESTING ACROSS THE ECONOMY
Community housing
Local govt and universities
Property
Infrastructure
Agriculture
Manufacturing and industry
Large scale solar
Wind Grid and storage solutions
Waste, bioenergy and agriculture
Low carbon electricity
Energy efficiency
Transport
Biofuels
Vehicles
CEFC DIRECT
DEBT MARKETS
INVESTMENT FUNDS
INNOVATION FUND
Our direct investments can include both debt products and
equity investments, or a combination of both.
We have supported green bonds and securitised vehicles in the debt markets. We also
work with co-financiers to support small-scale investment
opportunities.
We invest in major clean energy projects together with
other investment funds in order to catalyse investment
into the sector.
We invest in innovative technologies and businesses that will benefit from growth or
early stage capital.
MULTIPLE SOURCES OF CAPITAL
Councils are major providers of infrastructure and services and face material (and rising) energy costs
Councils can generate renewable energy locally and improve the energy efficiency of council facilities and services
Investing in clean energy allows councils to renew their infrastructure, save energy costs, and meet sustainability objectives
CEFC FINANCE FOR LOCAL GOVERNMENT
Finance for eligible projects across renewable energy, energy efficiency and low emissions technologies
Loans for a single project or a program of works
Finance can be drawn over a three-year availability period
Groups of councils can enter into joint financing agreements for eligible projects
Competitive fixed-rate longer-dated senior debt, up to 10 years
A straightforward approval process with simple loan documentation
Australian councils and communities are leading on tackling climate change and capitalising on opportunities in renewable energy.
Case studies on:
• renewable energy
• energy efficiency
• sustainable transport
07 3188 1634
Melanie Madders Director – Corporate and Project Finance
02 8039 0843
Tim Jordan Director – Investment Research
CEFC CONTACTS
CLEAN ENERGY
CORPORATION
t. 1300 002 332
i. +61 2 8039 0800
cefc.com.au
FINANCE