Financial Partners


financialpartners-cefc accredited-verdia-partner

Clean Energy Finance Corporation

The Clean Energy Finance Corporation (CEFC) mobilises capital investment in renewable energy, low-emission technology and energy efficiency in Australia

Energy efficiency is Australia’s untapped energy resource – a means to improve the productivity of the economy and boost the move to a prosperous low carbon future

Improved energy efficiency offers significant opportunity for least cost carbon emissions reductions.

Under the CEFC Act, up to 50 per cent of CEFC’s funds are to be invested in energy efficiency and low emissions technology.

The CEFC is building on energy efficiency programs established by Low Carbon Australia (now integrated into the CEFC), to improve access to finance so that organisations in all sectors can take advantage of the energy productivity gains and cost reductions available through implementing more efficient and cleaner technologies.

Access to upfront finance, access to suitable information about available technologies, global economic pressures and uncertainty surrounding government policy direction have been shown to be very real impediments to achievement of the energy productivity and costs savings that investment in energy efficiency would deliver, as well as being the most cost-effective path towards a low carbon economy.

Interest in financing for energy efficiency has come from sectors across the economy including manufacturing and industry, commercial building, government, agriculture, mining, retail and utilities. In addition to regulatory drivers, an increasing share of business effort is already being directed towards energy efficiency, with the strongest motivations for action are concerns about energy prices and the desire to maintain or enhance profit margins. Australian Industry Group’s (AiG) July 2012 report Energy Shock: pressure mounts for efficiency action, found most businesses were looking for quick wins, only considering a project when the expected payback period was less than three years.

This provides opportunity for CEFC financing models to catalyse investment in energy efficiency.

These models include:

– corporate financing facilities tailored to meet the needs of larger corporates with funding projects identified as part of their Energy Efficiency Opportunities (EEO) program,

– co-financing programs with major financial institutions targeted at specific sectors, such as the Environmental Upgrade Agreement (EUA) financing for the property sector, co-financed loan solutions targeted specifically at local government and the public sector companies; and lease-financing and hire-purchase options for smaller scale energy efficiency projects.

CEFC has established a co-financing agreement with the Commonwealth Bank to support businesses, particularly those from the manufacturing sector, to improve their energy productivity. The CEFC has committed $50 million, with matched financing from Commonwealth Bank, to make Energy Efficient Loans available for energy efficiency, low emissions technology and small-scale renewable projects. CEFC and Commonwealth Bank have also established a similar $100 million loan facility co-financing Energy Efficient Loans for not-for-profits, including local governments, to help them save on energy costs.

The CEFC has also scaled up the on-bill finance product developed by Low Carbon Australia (now integrated into the CEFC) with Origin.

The CEFC’s approach to determining eligible energy efficiency technologies includes demand management technologies and energy conservation.

For more information, visit the Clean Energy Finance Corp website.

Verdia Accredited Partner

NuGreen Solutions is an accredited partner of Verdia, the independent energy expert.

Verdia manages Westpac’s Energy Efficient Financing Program and enables Australia’s leading commercial, government and industrial organisations to identify, design and deliver energy efficient and renewable energy projects. Verdia accredited partners are assessed for excellence in the quality of their energy products and services; and integrity in their operations.

To find out more, visit

Environmental Upgrade Agreements

EUA’s, a new way to finance sustainable building upgrades.

Environmental Upgrade Agreements (EUAs) make it easier to access finance for environmental improvements to existing commercial, industrial, strata scheme and large multi-unit residential buildings.

Under this agreement, a finance provider lends funds to a building owner for energy, water, and other environmental upgrades, and this low-risk loan is repaid through a local council charge on the land.

Tenants of commercial buildings can be asked to contribute to the costs. However, these additional costs must be offset by their reduced energy and water bills.

Below we list Councils offering EUA’s;

  • City of Melbourne
  • City of Sydney
  • Parramatta City Council
  • North Sydney Council
  • Lake Macquarie City Council
  • The City of Newcastle

Sustainable Melbourne Fund – Environmental Upgrade Finance (EUF)

Sustainable Melbourne Fund was established by Melbourne City Council in 2002 to support Council’s environmental objectives through strategic investment in external entities. Established with an initial investment of $5 million, currently the fund is worth $6.4 million.

Sustainable Melbourne Fund is a unit trust with an independent board of trustees approved by the City of Melbourne. Control of the trust is vested in the trustees acting together as a board of trustees in accordance with the Trust Deed.

Sustainable Melbourne Fund’s role is to create a fund which progresses and extends the strategic goal of the Melbourne City Council to move towards sustainability both as a corporation and as a municipality.

Sustainable Melbourne Fund will act as a facilitator, enabler and investor into projects which deliver improved commercial and environmental outcomes in the built environment.

Sustainable Melbourne Fund makes commercial decisions in achieving our vision and executes its activities in such a manner as to achieve its corporate objectives in tangible and measurable ways.

For more information, visit the Sustainable Melbourne Fund website.

City of Sydney – Environmental Upgrade Finance (EUF)

The City of Sydney has a scheme to help fund building upgrades that improve environmental performance.

The scheme can help commercial property owners and tenants reduce the environmental impact of buildings and save on long-term operating costs.

This funding scheme is part of the NSW Government’s Environmental Upgrade Agreement (EUA) legislation, which helps councils enter into agreements with property owners and finance providers. Funds advanced to the property owner are repaid by councils levying a quarterly charge on their land. Once the City collects the money, it forwards that payment to the finance provider.

Environmental upgrade works are works that improve the energy, water or environmental efficiency or sustainability of the building to which the EUA relates. A proposed upgrade will involve works that improve the environmental performance of the building and includes activity to:

  • Increase energy and water efficiency;
  • Prevent or reduce pollution and waste;
  • Reduce material consumption;
  • Improve recycling;
  • Reduce use of private motor vehicles;
  • Enable monitoring of environmental quality;
  • Reduce greenhouse gases.

For more information, visit the City of Sydney EUA webpage.