The Clean Energy Finance Corporation (CEFC) committed a record investment of $6.1 billion in the six months to December 31, 2025.
Across 26 transactions, one project attracted more than 62 per cent of the pool, with $3.8 billion going towards Marinus Link, which CEFC chief executive officer Ian Learmonth said was a “visionary” project and a “vital part of Australia’s clean energy infrastructure of the 21st century”.
The CEFC had invested $24.2 billion in total to December 31 across more than 420 transactions.
Other notable CEFC recipients include the Humelink transmission project, which has received up to $1.935 billion in finance, and the Golden Plains wind farm in Victoria, which has received up to $350 million.
The CEFC said its lifetime investments were starting to see returns.
“The CEFC continues to catalyse finance in Australia’s clean energy transition and since inception each dollar of CEFC capital has attracted an additional $2.99 from co-investors,” it said.
“While the leverage figure for the reporting period is comparatively lower ($0.97 for each dollar CEFC invests), it reflects the significant size of the Rewiring the Nation Fund commitment to Marinus Link, where the CEFC took a large position to support this transformative project.”
Marinus Link recently received approval from the Australian Energy Regulator for $3.47 billion of capital expenditure required for Stage 1 of the project.
This involves the delivery of a 750MW cable connecting Tasmania and Victoria, along with associated upgrades in north-west Tasmania through the North West Transmission Development. A second 750MW cable will be installed as part of Stage 2 of the project.
TasVic Greenlink was awarded the last major contract for Marinus Link Stage 1 in December, with a $994 million deal to support key cable and convertor technology for the project.
Marinus Link construction is set to commence this year.
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