You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. We are also committed to backing opportunities in energy storage in batteries, virtual power plants and pumped hydro,” Mr Learmonth said in a statement. Since the CEFC began investing eight years ago, it has financed 31 utility scale solar projects and 12 wind farms. CEFC China Energy (Chinese: 中国华信能源) is a private Chinese conglomerate. In the last financial year alone, the CEFC made over $1 billion of investment commitments with with a combined value of $4.2 billion, targeting more than one million tons of carbon abatement annually. Select one or more editions for targeted, up to date information delivered straight to your inbox. The company used complex web of affiliated companies to facilitate fake deals, inflate trade figures and obtain bank loans … The report emphasises the prudence and efficacy of the green bank’s mandate despite attempts by the Morrison Government to siphon off funds for fossil-fuel investments. Mit einem Umsatz von 43,7 Mrd. CEO Ian Learmonth said the annual report provided compelling evidence of the potential for Australia to achieve a low emissions economy, capitalising on innovative technology and investment solutions. China's CEFC says operations normal, denies reports of chairman probe 2 Min Read FILE PHOTO: A CEFC logo is seen at CEFC China Energy's Shanghai headquarter in Shanghai, China September 12, 2016. Required fields are marked *. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. Legal Notice Terms and Conditions Privacy Policy © pv magazine 2020. pv magazine Australia offers bi-weekly updates of the latest photovoltaics news. BEIJING (Reuters) - A Shanghai government agency has taken control of CEFC China Energy, the private firm that has agreed to buy a $9.1 billion stake in … If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. The green bank said it will prioritise investment in innovative technology and finance solutions to further accelerate emissions reduction in future. Annual Report 2016–17 The CEFC's mission is to accelerate Australia’s transformation towards a more competitive economy in a carbon constrained world, by acting as a catalyst to increase investment in emissions reduction. We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. CEFC China Energy Company Limited provide energy services. federal government in September announced a plan to siphon funds from the green bank to prop up gas generation, Japanese owner of WA’s Bluewaters coal plant reports worst ever loss in face of energy transition, Clean energy ‘clear winner’ of Victorian state budget with $1.6bn in funding, Interest grows in going with the vanadium flow, Origin bets big on batteries as part of evolution, Spanish newcomer E22’s 5 MW Li-ion battery to provide network services in West Gippsland. To accelerate Australia’s transformation towards a more competitive economy in a carbon constrained world, by acting as a catalyst to increase investment in emissions reduction. The Clean Energy Finance Corporation (CEFC) has published its annual report this week, a report glowing with the hue of ‘prudent investment’ according to the CEFC Chair. Hold Ctrl or Cmd to select multiple editions. “Since inception, sound financial management has been a hallmark of CEFC operations, driven by the acknowledgement that it invests on behalf of Australian taxpayers, with a responsibility to meet agreed policy objectives and deliver a positive financial return,” Skala said in a statement. ABN: 43 669 904 352 | © 2018 Clean Energy Finance Corporation. This includes financing projects which have delivered 2.9 GW of renewable energy capacity to the Australian grid across 24 solar farms and nine wind farms. CEFC China Energy (chinesisch: 中国 华 信 能源) ist ein chinesischer Mischkonzern. The Company offers oil commercial storage, overseas oil and gas resources exploitation, and other services. This content is protected by copyright and may not be reused. Accelerating the electric vehicle transition, Other Legislation, Australian Government Policies and Key Governance Events, Statement by the Accountable Authority, Chief Executive and Chief Financial Officers, Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Consolidated Statement of Changes in Equity, Notes to Consolidated Financial Statements, Appendix A: Index of Annual Reporting Requirements, Appendix B: Equal Employment Opportunity Report 2017-18, Appendix C: Environmental Performance and Ecologically Sustainable Development Report 2017-18, Appendix D: Work Health and Safety Report 2017-18, Appendix E: Summary of Operating Costs and Expenses and Benchmark. Despite the disruption of Covid-19, the CEFC continued a strong financial performance with almost $942 million repaid or recouped, alongside revenue of $205 million and a normalised surplus from operations of over $100 million. This includes measures to deliver a stronger, cleaner electricity grid, investing in large scale energy storage solutions as well as backing opportunities in hydrogen. The Clean Energy Finance Corporation (CEFC) has published its annual report this week, a report glowing with the hue of ‘prudent investment’ according to the CEFC Chair. In March 2020 the company was declared bankruptas well as its subsidiaries CEFC Shanghai International and CEFC Hainan International. Clean Energy Finance Corporation Annual Report 2017-18 Our mission To accelerate Australia’s transformation towards a more competitive economy in a carbon constrained world, by acting as a catalyst to increase investment in This recommitment to “prudent investment” comes after the federal government in September announced a plan to siphon funds from the green bank to prop up gas generation, sparking widespread outcry. Your email address will not be published. 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