Clean Energy Finance Corporation (CEFC)
On 1 July 2011 the Federal Government announced the establishment of the Clean Energy Finance Corporation (CEFC) as part of its Clean Energy Future package. As a means of providing greater understanding of private sector views on how the CEFC should be structured in order to free up private sector capital, the Clean Energy Council asked Deloitte to report on how to make the new independent financing body most effective.
More than 40 senior decision makers from the finance and investment sector and industry were consulted for their views on issues such as:
- Capital market barriers to commercialising clean energy technologies
- Preferred financing mechanisms to catalyse projects and unlock private investment
- How the CEFC could help reduce risk to increase capital flows
- The potential spread of investments across clean energy and low emissions technologies and projects.
These decision makers represented the range of stakeholders interested in the sector, including
- Australian superannuation funds
- Major commercial banks
- Infrastructure fund managers
- Cleantech venture capital fund managers
- International investors and fund managers
- Investment consultants
- Project developers with significant financial capacity
- Senior representatives from the mining, manufacturing, retail and transport sectors.
The commentary in the report represents a synthesis of the views of the 40+ senior executives consulted.