The information contained in this database (“Information”) has been compiled by the Green Bank Network Secretariat from publicly available information, and specific pieces of information are not necessarily approved by Green Bank Network Members. The information is for informational purposes only and must only be used for non-commercial purposes.  All other use and all copying, disclosure or reproduction of the Information or any part of it is prohibited (except to the extent permitted by law).

Neither the Green Bank Network nor any of its members makes any representation as to the accuracy, quality, completeness or fitness for purpose of any information contained herein and the Green Bank Network and each of its members disclaim all responsibility and liability for the Information (including, without limitation, liability for fault, negligence or negligent misstatement).

The GBN member investment figures in the transaction descriptions refer to committed funds at the time of transaction close and are not necessarily indicative of capital deployed. All transaction-level investment figures and other details are based on the best available information and estimates made at the time of transaction closing.

The taxonomy for Risk Mitigants used to describe the private sector engagement activities for each transaction are adapted from the Organisation for Economic Cooperation and Development’s report, Green Investment Banks: Scaling up Private Investment in Low-carbon, Climate-resilient Infrastructure. This taxonomy is used to generalize types of activities across GBN members and may not be reflective of the language individual institutions use to describe their investments, which can be found in their own media.

Some of the transactions may have been updated on GBN member websites but not yet in this listing, so please refer to member websites for the most up-to-date information. Note that individual institutions may have a document detailing a Summary of Revisions to transaction descriptions on their websites.

With questions regarding this transaction list, please contact [email protected].

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Clean Energy Finance Corporation | March 2022 | Australia
C&I  | Waste Management | Venture Capital | Co-investment | View on Member website

The CEFC has committed $1.1 million to Samsara Eco through the Clean Energy Innovation Fund. Samsara Eco has also attracted investment from CSIRO’s Main Sequence, and W23, the Woolworths venture capital and innovation fund, to complete a $6 million capital raising. Samsara has synthesized a novel enzyme to be dramatically more effective, compressing a process that would naturally take millennia. After being broken down into its original components, the resulting product can be sold in a pelletized form to customers.

Working in partnership with the Australian National University, Samsara’s proprietary technology involves a depolymerization process that uses modified enzymes to rapidly degrade plastic down to small molecules. This ensures recycled plastics materials have the same structural integrity as virgin plastics.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | March 2022 | New South Wales, Australia
Agriculture, Utility  | Land Use, Solar | Growth Capital | Co-investment, Demonstration | View on Member website

The CEFC has committed $5 million to the Blind Creek project, a farmer-led project that combines an understanding of the land, farming practices, and knowledge of the local community with renewable energy expertise. The CEFC investment is part of a joint venture between the CEFC and Octopus Australia to develop and deliver a utility-scale agri-solar and battery project in regional Australia.

The project was founded by local farmers with a multi-generational connection to the site and to the local community, together with a team of renewable energy experts, including technical support from Stride Renewables and Axcentium. The characteristics of the project reflect their vision to co-locate regenerative agriculture with solar, engage in genuine community consultation, and include the community in the project’s financial benefits.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | July 2022 | Victoria, Australia
Agriculture, Utility  | Land Use, Solar | Growth Capital | Co-investment, Demonstration | View on Member website

The CEFC is backing the development of the proposed 44 MWac Perry Bridge and 80 MWac Fulham solar farms, in a landmark joint venture with Octopus Investments. Octopus Australia and the CEFC have purchased the rights to develop the two projects from local Gippsland based developer Solis Re, and the three parties will be working closely together to bring the projects to financial close. The CEFC commitment to these development stage assets is $850,000. The solar farms are aiming to showcase the ability of sheep grazing and solar farming to co-exist, providing a diversified revenue stream to local landholders.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | March 2022 | Australia
Agriculture  | Bio-sequestration, Land Use | Venture Capital | Demonstration | View on Member website

The $1.6 million CEFC investment will enable UK-based Downforce Technologies Limited to take the next step in developing and commercializing its data-based technology, with Australia identified as the first market, reflecting the uniquely favorable potential of Australian soils to play a role in soil carbon capture. Downforce Technologies has developed an innovative technology solution to cut the cost of measuring and monitoring soil health and carbon levels – a key component in cutting land-based emissions.

This investment aims to further extend the benefits of monitoring soil carbon. Enhanced monitoring can improve soil carbon levels, leading to environmental and economic benefits such as improved agricultural productivity, soil resilience, reduced emissions, and an additional revenue stream for farmers.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | February 2022 | Australia
C&I  | Fund investment | View on Member website

The CEFC has committed $80 million to the IFM Investors Private Equity Growth Partners Fund alongside the legalsuper and HESTA superannuation funds. IFM has an established track record of helping drive down emissions within its private equity portfolio companies and has achieved carbon neutral certification from Climate Active, the Australian Government certification standard.

Established by industry super owned IFM Investors and managed by the IFM Investors private equity team, the new fund aims to invest in companies with high growth potential, resilient and profitable business models and strong management. The companies, predominantly focused in the Australian technology, business services and healthcare sectors, will be chosen based on their potential to drive a material reduction in emissions. Importantly, this will include innovative companies with the potential to capitalise on the transition to net zero emissions by bringing new technologies and business models to market.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | January 2022 | Queensland, Australia
Utility  | Solar | Debt Investment | Co-investment | View on Member website

The CEFC has committed up to $37 million in debt finance to Blue Grass Solar Farm, as part of a syndicate of lenders which also includes ING and the Sumitomo Mitsui Banking Corporation. It will feature 375,000 bifacial solar panels, which have an increased generation capacity compared with existing panels, as well as half-cut cells technology which reduces the cell to half the normal size. Blue Grass Solar Farm is expected to cut emissions by approximately 320,000 tonnes CO2-e per year.

The investment will also support Solar 30 30 30, an ARENA-led initiative that will help achieve ultra low-cost solar. The initiative aims for solar PV to achieve 30 per cent efficiency at 30 cents per installed watt by 2030 and will help drive down costs to meet the goal of solar electricity generation at $15 per MWh.

Last Updated: 11/09/2022
Clean Energy Finance Corporation | December 2021 | Australia
C&I  | Energy Efficiency, Renewable Power | Debt Investment | Guarantee/insurance | View on Member website

The CEFC is providing a $30 million senior secured debt facility to finance energy performance improvements at Brisbane’s 200 Creek Street commercial office building. The building will undergo equipment and building services upgrades, including a combination of energy efficiency, renewable energy, and energy conservation technologies and practices. The work will lift the building to a NABERS 5.5 star rating, a performance achieved by just six percent of commercial office buildings Australia-wide.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | November 2021 | Australia
C&I  | Energy Efficiency, Low Emissions Transport, Waste Management | Fund investment | View on Member website

The CEFC is investing $72 million into a $1 billion capital raising by the QIC Global Infrastructure Fund (QGIF) as part of its plans to accelerate its trajectory to net zero emissions. QGIF will lift its emissions reduction ambitions across its portfolio, with the capital raising supporting investment in bolt-on emissions reduction opportunities at existing assets, as well as the acquisition of new assets, including those with a focus on reducing carbon emissions.

As a part of its work towards integrating ESG across its investment process, QIC has committed to halve its scope 1 and 2 emissions by 2030 for QGIF (on a 2020 baseline) and is targeting net zero scope 1 and 2 emissions for the Fund by 2040. QIC has also committed to actively contribute to the broader industry net zero emissions ambitions for QGIF assets.

The CEFC investment, on behalf of the Australian Government, brings total investment in QGIF to almost $3.4 billion. The scale and diversity of the QGIF portfolio allows it to benefit from the deployment of a broad range of clean energy technologies across its 11 core and core-plus infrastructure assets.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | November 2021 | New South Wales, Australia
C&I  | Low Emissions Manufacturing | Debt Investment | Demonstration | View on Member website

The $25 million CEFC commitment will enable manufacturer Orica to upgrade processing plants used in the production of ammonium nitrate with technology designed to abate nitrous oxide emissions. Tertiary nitrous oxide abatement technology will be installed in three nitric acid plants at Orica’s Kooragang Island facility in New South Wales from 2022 – the first time the technology has been used in Australia. The technology is highlighted in the Australian Government Technology Investment Roadmap.

Working with a leading manufacturer such as Orica enables the CEFC to help spearhead emissions reduction measures across a sector that has proven difficult to abate. This investment will also provide valuable insights into how sustainability can complement profitability. The project is commercially underpinned by carbon credit contracts with the Australian Government, further catalyzing investment in sustainability outcomes.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | November 2021 | Australia
Transport, Utility  | Low Emissions Transport | Debt Investment | Demonstration | View on Member website

The CEFC has committed up to $12.5 million to Ark Energy Corporation to finance the production of green hydrogen at the Townsville SunHQ H2 hydrogen hub through the Advancing Hydrogen Fund. The investment will support the construction of hydrogen production and refueling infrastructure for the Sun Metals zinc refinery, with green hydrogen produced from an electrolyzer powered by the Sun Metals solar farm. It will also finance five purpose-built, zero emissions ultra-heavy duty Hyzon hydrogen trucks.

The hydrogen fuel cell electric trucks will deliver zinc ore from Townsville Port in Queensland to the Sun Metals Refinery, where they will refuel with green hydrogen produced on site, before taking zinc ingots back to the port in a 30 km clean energy round trip. The investment will help deliver a more sustainable zinc supply chain.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | October 2021 | New South Wales, Australia
Transport  | Low Emissions Transport | Debt Investment | Co-investment | View on Member website

The CEFC is helping finance Australia’s first electrified bus fleet, with a $24.5 million commitment that will see the replacement of 40 internal combustion engine buses in NSW with clean, green vehicles.

The commitment is part of a $36 million landmark project to install a suite of electric vehicle (EV) infrastructure at a single site, combining charging equipment, battery storage, renewable energy and grid support services. It will establish the Leichhardt bus depot in Sydney as Australia’s first fully integrated EV bus depot.

The 40 new electric buses will be supported by 368 kWh and 422 kWh battery packs, fast charging infrastructure, 2.5 MW/4.9 MWh of stationary battery energy storage and 388 kWp of rooftop solar. Innovative software, including onboard telematics that provides critical vehicle data, will help manage the chargers, batteries, solar and grid input.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | October 2021 | Australia
Agriculture  | Land Use | Co-investment, Cornerstone stake, Fund investment | View on Member website

The CEFC has made a $50 million cornerstone commitment to the Transforming Farming Platform alongside an initial $50 million from the global Kempen SDG Farmland Fund. The science-led sustainable farming initiative is managed by Gunn Agri Partners, an Australian-based specialist agricultural asset manager with a portfolio of $300 million. The Platform will span mixed farming assets across the main cropping areas of Australia and will focus capital investment in underperforming small to medium farms to help lift productivity and optimize land use.

Using expert advice from a team of leading agronomic and environmental advisers, including the CSIRO, the Platform adopts data-driven practices to make the farms more productive and resilient in a changing climate.

This includes integrating regenerative farming methods and improved land management techniques to optimize yield productivity, reduce carbon emissions and sequester carbon. Incorporating data from the CSIRO, including their Yieldgap research, the platform will look at cropping systems, weather and soil data, and crop variabilities to optimize production.

 

Last Updated: 11/07/2022
Clean Energy Finance Corporation | October 2021 | New South Wales, Australia
C&I  | Energy Storage | Growth Capital | Co-investment | View on Member website

The CEFC has invested $5 million in 3ME Technology, an Australian heavy vehicle battery manufacturer designing and producing energy-dense, lithium-ion battery systems to power mining electric vehicles and equipment. The CEFC investment in the Newcastle-based company is part of a $20 million capital raise by 3ME, which also attracted $15 million from the Australian Business Growth Fund.

The investment in 3ME Technology will enable miners to replace diesel engines with cutting-edge battery electric systems, reducing their emissions and supporting safer, more efficient mine operations. 3ME Technology’s innovative Bladevolt battery technology allows remote performance monitoring and control of battery pack cells, and is modular and powerful enough to transform a 20-tonne loader into a fully electric-powered vehicle.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | September 2021 | Australia
C&I  | Debt Investment, Green Bond | Fund investment | View on Member website

In Australia’s emerging green bond market, Artesian’s Green and Sustainable Bond Fund is one of the few dedicated green bonds with an Australian focus. Backed by a $25 million investment from the CEFC alongside cornerstone investor Future Super, the open-ended Fund is actively managed by Artesian’s fixed-income team and provides investors with diversified exposure to a hard-to-access asset class.

Investing in highly liquid investment-grade green and sustainable corporate bonds issued by Australian and international issuers, as well as cash, the fund aims to outperform the Bloomberg AusBond Composite 0-5 Year Index benchmark.

In March 2023, CEFC increased its investments to $50 million.

Last Updated: 09/01/2023
Clean Energy Finance Corporation | September 2021 | Australia
C&I  | Biogas, Carbon Offsets, Renewable Power | Growth Capital | Fund investment | View on Member website

The CEFC has invested $20 million into Xpansiv to strengthen the Australian ESG commodities market and accelerate the further development of investment opportunities supporting Australia’s net zero emissions transition. The CEFC commitment is part of a US$100 million capital raise. The Xpansiv centralized platform allows buyers and sellers to trade ESG-inclusive commodities to help meet their carbon emissions targets. The platform provides more than 1,000 major Australian and global corporates with access to some $10 billion in registered assets, including carbon offsets, renewable energy certificates and differentiated fuels.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | September 2021 | Victoria, Australia
Residential  | Energy Efficiency | Debt Investment | Co-investment, Demonstration | View on Member website

The CEFC committed $54 million in debt finance to the Northcote Place project as part of its goal to lift sustainability outcomes across the commercial, residential and infrastructure sectors. Melbourne’s Northcote Place project developed by Metro features sustainable townhouses that will help reduce homeowners’ individual carbon footprints.

This new 8 star housing development featuring the latest clean energy technologies – including low carbon concrete – is leading the way in showing how green design can help home buyers embrace the benefits of energy efficient living. The homes include a range of features, such as all-electric induction cooking, heat pump hot water, rooftop solar systems with the option to add battery storage, wiring to be electric-vehicle ready, and rainwater tanks connected to both toilets and laundries.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | August 2021 | Australia
Residential  | Energy Efficiency | Equity Investment | Cornerstone stake, Fund investment | View on Member website

The CEFC has committed $87 million as a cornerstone equity investor in the Specialist Disability Accommodation (SDA) platform and will contribute its expertise to the platform to deliver sustainable low-emissions homes. The homes are customized for people with high physical support needs, which, with the CEFC’s support, will be combined with sustainable technology and features to monitor and help lower their carbon footprint.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | July 2021 | New South Wales, Australia
MUSH  | Waste Management | Debt Investment | Co-investment | View on Member website

The CEFC, in the first investment of its Australian Recycling Investment Fund, committed $16.5 million in debt finance towards the first Circular Plastics Australia recycling facility in Albury, New South Wales. The project also draws on $16.5 million in debt finance from the Commonwealth Bank of Australia. The joint venture is aimed at recycling billions of used plastic containers in Australia with ready end-market applications for the PET material.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | June 2021 | Australia
Residential  | Energy Efficiency | Debt Investment | Aggregation, Securitization | View on Member website

In an Australian first, Firstmac raised $750 million through a green mortgage-backed securitization where all the underlying mortgages are backed by environmentally friendly housing. The CEFC invested $108.5 million in the securitization. Australian homeowners will have access to $230 million in discounted green home loan finance as part of the $750 million green mortgage-backed securitization.

The homes will be among the most energy efficient in Australia, meeting or exceeding a 7-star rating under the Nationwide House Energy Rating Scheme (NatHERS). Qualifying green home loans will enable borrowers to benefit from a 0.4 percent finance discount for up to five years on loans of up to $1.5 million. Construction loans will receive an interest rate discount of up to 1.58 percent.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | June 2021 | New South Wales, Australia
Utility  | Hydrogen | Venture Capital | Cornerstone stake | View on Member website

In its first hydrogen-related investment, the CEFC committed $750,000 through the Clean Energy Innovation Fund to Hysata’s initial capital raise of $5 million, alongside cornerstone investor IP Group. IP Group is a global technology investor specializing in the commercialization of university research.

Hysata’s advanced electrolyser technology has the potential to significantly improve the efficiency of hydrogen production, an important step in making it a more economic source of clean energy.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | May 2021 | New South Wales, South Australia & Victoria, Australia
Utility  | Renewable Power, Smart Grid Technology | Debt Investment | Cornerstone stake, Demonstration | View on Member website

In their single largest investment, the CEFC has committed up to $295 million in capital to play an instrumental role in developing EnergyConnect, delivering essential grid infrastructure. EnergyConnect is a vital piece of energy infrastructure spanning more than 900 kilometers. TransGrid is building the NSW portion of the new interconnector, which will connect the energy grids of NSW and SA, with an additional link to North West Victoria. The Australian Energy Market Operator forecasts that EnergyConnect will unlock as much as 1,800 MW of renewable energy generation across Renewable Energy Zones, including approximately 800 MW in SA, 400 MW in NSW and 600 MW in Victoria.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | February 2021 | Australia
Residential  | Energy Efficiency | Debt Investment | Demonstration | View on Member website

The CEFC has invested $75 million as a corporate loan to Ingenia Communities to encourage greater uptake of energy efficiency and renewable energy across the property sector. Ingenia has committed to reducing its carbon emissions by 30 percent in the next five years as it targets a carbon neutral operation by 2035. The Ingenia development pipeline of more than 3,000 homes provides an opportunity to innovate in terms of sustainable community and home design.

Last Updated: 11/07/2022
Clean Energy Finance Corporation | February 2020 | Victoria, Australia
Utility  | Energy Storage | Debt Investment | Demonstration, Term loan facility | View on Member website

The CEFC on behalf of the Australian Government has invested $160 million to build the Neoen 300 MW Victorian Big Battery (VBB), providing a critical boost to the state’s grid security while driving down power prices and supporting more renewable energy.

The CEFC senior debt facility will finance the design, construction and operation of the VBB, which will be one of the largest energy storage facilities in the world. It is expected to be operational for the 2021-22 summer.

Last Updated: 12/12/2021
Clean Energy Finance Corporation | September 2020 | Queensland, Australia
MUSH  | Energy Efficiency | Debt Investment | Term loan facility | View on Member website

Australian property group Stockland is undertaking a portfolio-wide energy efficiency retrofit program, as well as the development of a market-leading Green Star design standard for new-build retirement living.

The CEFC has committed up to $75 million through a senior debt facility to finance energy efficiency sustainability initiatives at Stockland’s logistics centres, retirement living operations and corporate head offices.

The work includes the design and construction of Newport Retirement Living – a Queensland retirement village that targets a minimum 25 per cent improvement in emissions reduction levels compared with current building code requirements.

Last Updated: 12/12/2021
Clean Energy Finance Corporation | November 2020 | New South Wales, Australia
Utility  | Small Hydro | Debt Investment | Fund investment | View on Member website

The CEFC has committed $125 million on behalf of the Australian Government to help finance the development of grid infrastructure critical to the delivery of the Snowy 2.0 pumped hydro project. In its first major grid infrastructure investment, the CEFC will fund TransGrid Services to increase the amount of reliable and secure electricity to the National Energy Market (NEM).

The CEFC corporate debt facility with TransGrid Services is part of a complex project to connect Snowy 2.0 to the NEM. TransGrid Services will draw on the CEFC finance to design, construct, operate and maintain a new 330kV switching station and associated transmission lines as part of its agreement with Snowy Hydro Limited to provide connection services for 30 years.

Last Updated: 12/12/2021