Australia’s CEFC and Westpac providing AU$200 million for clean energy in business

Facebook
Twitter
LinkedIn
Reddit
Email
The funds will be used to give customers a 0.7% discount on finance for solar and low emissions projects. Credit: CEFC

Australia’s Clean Energy Finance Corporation (CEFC) and renewable energy financier Westpac are to provide low cost finance for Australian businesses to invest in solar and other low emission technologies.

The AU$200 million (US$146 million) 'Westpac Energy Efficient Financing Program' will be used to give customers a 0.7% discount on finance for qualifying projects, such as solar PV or low emissions vehicles. Westpac will also offer finance leases, commercial loans and commercial hire purchase finance.

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

The finance, for up to 100% of the project cost, is available for terms of up to 10 years, for individual projects starting at AU$15,000.

Eligible projects include:

  • rooftop and off-grid solar PV
  • battery storage and solar thermal
  • energy efficiency equipment
  • low emissions vehicles
  • projects that upgrade the energy efficiency of buildings
  • energy-from-waste projects
  • projects registered for Australian Carbon Credit Units (ACCUs) under the Emissions Reduction Fund

CEFC chief executive Oliver Yates said: “There are enormous opportunities for businesses to lower their energy costs and improve their competitiveness using clean energy. Using solar and the right energy efficient equipment can have a substantial benefit on business costs, in addition to the obvious environmental gains.

“Access to the discounted CEFC finance being offered through Westpac is a compelling reason to act now to lock in business and environmental benefits.”

Since 2011, Westpac Group has increased the proportion of renewable energy financing from 45% to 61% of its total electricity generation portfolio.

Read Next

Premium
October 8, 2025
PV Talk: Smart Energy Council's Nigel Morris reflects on how Australia has become a global testbed for distributed solar and storage innovation.
October 8, 2025
University of Sydney scientists have created the largest and most efficient triple-junction perovskite-perovskite-silicon solar cell on record.
October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.
October 7, 2025
Rystad Energy has said that Queensland’s utility-solar assets were the best-performing solar PV power plants in September 2025.
October 7, 2025
The government of Victoria, Australia, has launched the an incentive scheme to encourage businesses to install rooftop solar installations.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK