Energy Efficient Loans
Category: Manufacturing, Minerals and Energy Resources, Small Business.
Program Status: Open.
Government: Federal Government.
Provisioning: Commonwealth Bank Energy Efficient Loans will typically range between $500,000 and $5 million, or upwards.
Agency: Clean Energy Finance Corporation.
More information: view website.
The CEFC has three legal eligibility criteria in that each transaction must be based in Australia, involve a clean technology investment (further defined as energy efficiency, renewable energy or low emissions technology) and cannot involve nuclear or carbon capture and storage. There is no company criteria outside of ensuring the company sits within the sectors to which the funds are targeted (commercial/industrial). However, the loan dollar value thresholds will probably preclude micro businesses. A company’s finance/credit will be assessed by the bank and so they will need to be identified as an acceptable risk borrower in that context.
The Clean Energy Finance Corporation (CEFC) and Commonwealth Bank are financing loans tailored for businesses wanting to save on energy costs. The CEFC and Commonwealth Bank have signed a Master Funded Participation Agreement (MFPA) to co-finance energy efficiency, low emissions technology and small-scale renewable projects.