Harvesting clean energy benefits
The CEFC continued our strong association with the agribusiness sector in Australia throughout 2018–19. Through our co-finance programs, we support investment in smaller-scale transactions to enable farmers to benefit from clean energy technologies while lowering their carbon footprint. The agribusiness sector is the largest single user of these co-finance programs, with agricultural technologies accounting for 33 per cent of projects financed to date, drawing on more than $350 million in CEFC finance. Projects financed include updates to energy efficient on-farm equipment; improvements to on-farm buildings; energy and water efficienc irrigation equipment; and the installation of small-scale solar generation. The co-finance programs are an efficient and effective way to encourage investment in clean energy technologies, incentivising borrowers to preference best-in-class clean energy assets when considering new equipment purchases.