Statutory Review of the Clean Energy Finance Corporation Act
Report prepared for the Department of the Environment and Energy
About this report
The Deloitte Touche Tohmatsu review of the operation of the Clean Energy Finance Corporation Act 2012 was tabled in Parliament on 14 December 2018.
The independent statutory review of the Clean Energy Finance Corporation Act was prepared by Deloitte Touche Tohmatsu in line with the requirements of the CEFC Act. The review included consideration of CEFC's effectiveness in meeting its objective and incorporated extensive public consultation which was conducted early in 2018.
The review found that the CEFC has facilitated the flows of finance into the clean energy sector, with CEFC's investments successfully enabling projects that would not have otherwise proceeded, attracting substantial private co-investment to projects.
Investments range across a broad spectrum, including the energy industry, the property and industrial sectors and financial products.
In response to the Review, and in recognition of record levels of investment in renewable energy projects, the Government has issued CEFC with a new Investment Mandate, which asks the company to focus on projects that support the development of a market for firming intermitted sources of generation.