Clean Energy Finance Corp. and seven co-financiers commit $800 million to fund 10,000+ home energy upgrades under Australia's $1 billion Household Energy Upgrades Fund

Clean Energy Finance Corp. (CEFC) delivered financing for over 10,000 home energy upgrades through Australia's $1 billion Household Energy Upgrades Fund (HEUF), with CEFC committing $400 million in discounted finance backed by seven co-financiers. The co-financiers—Brighte, Plenti, Plico, Commonwealth Bank, Westpac, ING, and Bank Australia—leveraged an additional $400 million in private investment to scale the program. Since its launch in May 2024, the HEUF has provided discounted finance for rooftop solar, batteries, heat pumps, EV chargers, energy-efficient appliances, and double-glazing to Australian households. Loan volumes nearly doubled in Q4 2025 as households increasingly bundled rooftop solar, batteries, and inverters to maximize savings, with Queensland and New South Wales accounting for 2,600 households. The program's uptake tripled following the July 1, 2025 launch of the Cheaper Home Batteries Program (CHBP), which allows households to combine savings on rooftop solar, batteries, and inverters. Under the Small-scale Renewable Energy Scheme, approximately 270,000 small-scale solar systems were installed in 2025, delivering around 2.8 GW of rooftop solar capacity.

Counterparts (8)

Lender

Clean Energy Finance Corp

company · 1 deals

Australia’s specialist climate investor managing $33 billion in government capital to finance clean energy projects, energy efficiency, and low-emissions technologies across Australia.

Bank Australia

company · 1 deals

Australia-based customer-owned bank focused on responsible banking and ethical finance, with a strong emphasis on climate action and impact lending for clean energy transition and affordable housing.

C

Commonwealth Bank

company · 1 deals

Brighte

company · 1 deals

Australian financial services company specializing in consumer financing for solar and energy-efficient home upgrades, with over 170,000 installations financed and significant government partnerships in ACT and Tasmania.

ING

company · 5 deals

ING is a global bank with a strong European base, offering retail and wholesale banking services. They provide specialized lending, tailored corporate finance, debt and equity market solutions, sustainable finance solutions, payments and cash management, and trade and treasury services.

Westpac

company · 2 deals

Westpac is a major Australian bank providing project finance, corporate finance, and advisory services to infrastructure projects across Australia and New Zealand. It is a significant lender in the energy transition, transport, utilities, and social infrastructure sectors.

Plico

company · 1 deals

Australian residential solar and battery storage provider installing distributed solar PV and battery systems with virtual power plant (VPP) aggregation capabilities across Western Australia and New South Wales.

Plenti

company · 1 deals