Australia’s CEFC invests record AU$4.7 billion in energy storage, renewables and transmission

July 29, 2025
LinkedIn
Twitter
Reddit
Facebook
Email

Australia’s Clean Energy Finance Corporation (CEFC) has announced it has invested a record AU$4.7 billion (US$3.09 billion) in large-scale renewables, energy storage, and transmission projects during the 12-month period ending 30 June 2025.

This milestone highlights CEFC’s pivotal role in advancing Australia’s clean energy transition, with the investment figure being 2.5 times more than the previous 12 months.

Among these investments is CEFC’s largest single commitment since its establishment: up to AU$1.92 billion allocated for the construction of the HumeLink transmission project.

The HumeLink will involve the construction of 365 kilometers of new 500 kV high-voltage transmission infrastructure connecting Wagga Wagga, Bannaby, and Maragle in New South Wales.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

This project is expected to unlock the full capacity of the expanded Snowy Hydro Scheme, better known as Snowy 2.0, which includes a 2GW pumped hydro energy storage project with a storage duration of 175 hours, providing additional grid stability for Australia’s energy network.

CEFC’s CEO, Ian Learmonth, emphasised the organisation’s role in positioning Australia as a global leader in clean energy innovation and investment.

“While the economy-shaping impact of our larger-scale transactions is clear, the full story of CEFC investment activity this year demonstrates that we are delivering for taxpayers, with direct and immediate benefit in homes and small businesses, for vehicle owners and on farms,” Learmonth said.

“By providing access to discounted CEFC finance, we are paving the way for an increasing number of Australians to cut their individual carbon footprint in their everyday activities – and tapping into growing consumer sentiment in favour of measures to address climate change.”

The CEFC’s record-breaking year also reflects its commitment to emerging technologies.

The organisation said it increased investments in hydrogen, bioenergy, and energy efficiency projects, which are expanding the scope of Australia’s renewable energy transition.

These initiatives are diversifying the country’s clean energy portfolio and positioning Australia as a leader in the development of next-generation technologies.

To read the full article, please visit our sister site PV Tech.

Our publisher, Solar Media, will host the Battery Asset Management Summit Australia 2025 on 26-27 August in Sydney. You can get 20% off your ticket using the code ESN20 at checkout.

17 March 2026
Sydney, Australia
As we move into 2026, Australia is seeing real movement in emerging as a global ‘green’ superpower, with energy storage at the heart of this. This Summit will explore in-depth the ‘exponential growth of a unique market’, providing a meeting place for investors and developers’ appetite to do business. The second edition will shine a greater spotlight on behind-the-meter developments, with the distribution network being responsible for a large capacity of total energy storage in Australia. Understanding connection issues, the urgency of transitioning to net zero, optimal financial structures, and the industry developments in 2026 and beyond.
6 October 2026
Warsaw, Poland
The Energy Storage Summit Central Eastern Europe is set to return in September 2025 for its third edition, focusing on regional markets and the unique opportunities they present. This event will bring together key stakeholders from across the region to explore the latest trends in energy storage, with a focus on the increasing integration of energy storage into regional grids, evolving government policies, and the growing need for energy security.

Read Next

December 24, 2025
In this Energy-Storage.news roundup,  Hydrostor receives permitting approval for its California project, Hawaiian Electric is set to begin construction on a Maui battery energy storage system (BESS) and Peregrine and Wärtsilä advance construction of a Texas BESS.
December 23, 2025
The New Orleans, Louisiana, US City Council voted unanimously to approve a US$28 million virtual power plant (VPP) programme, reportedly, the first distributed energy resource (DER) programme in the city.
Premium
December 23, 2025
Energy-Storage.news Premium speaks with CEO of optimisation platform provider Ascend Analytics, Dr. Gary Dorris, PhD, about navigating ERCOT’s revenue opportunities and the implementation of RTC+B.
December 22, 2025
Renewable energy generator and retailer Flow Power has achieved financial close on a 100MW/223MWh battery storage project in Victoria, Australia.
December 19, 2025
The World Bank’s International Finance Corporation has agreed a financing package for a 1GW solar PV power plant paired with 600MWh of energy storage in Egypt.