Australia’s first peer-to-peer green lending platform, RateSetter’s Green Loan marketplace, has been brought to life with a AU$20 million investment commitment from CEFC. The innovative online platform brings together investors, borrowers and clean energy product providers who have a shared interest in low emissions, energy efficiency and renewable energy projects.
It will allow investors to lend directly to creditworthy borrowers looking to buy or install an approved “green” product. Through the online platform, investors can nominate the amount they wish to invest, the interest rate they are prepared to accept, and their request can then be matched to approved borrowers. Borrowers can access finance to invest in eligible clean energy assets.