AuSES welcomes CEFC report

The Australian Solar Energy Society (AuSES) has welcomed the release of a Clean Energy Finance Corporation (CEFC) Expert Review Report.

“The $10 billion Clean Energy Finance Corporation will supercharge solar investment,” said John Grimes, AuSES Chief Executive. “The CEFC report provides the foundation for substantial investment in community, commercial-scale and Big Solar.

“AuSES supports the stated objective of the CEFC - to apply capital through a commercial filter to facilitate increased flows of finance into the clean energy sector, thus preparing and positioning the Australian economy and industry for a cleaner energy future.

“Government has an important role to play in leveraging private sector investment. As the report notes, the transformation to a clean energy future will require substantial capital which the private sector alone may not be able to provide.

“Investment by the CEFC needs to be additional to the Renewable Energy Target. Australia already has a 20% renewable energy target, and the CEFC investment should allow Australia to move even closer to building a stronger, cleaner economy. Solar will play a key role in powering our cleaner economy.”

Grimes said the government needs to introduce legislation formally establishing the CEFC.