Investments by the government's $10 billion clean energy fund are growing at an "almost exponential" rate but growth could shudder to a halt if the industry's post-2020 policy is not settled, according to the agency's new head, Ian Learmonth.
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| Renewable energy is having a bumper year - despite the political uncertainties. |
Mr Learmonth, who took on the role of chief executive of the Clean Energy Finance Corp, said the fund had about 50 transactions in the pipeline worth about $4 billion of its own funds. Based on previous years' results, partners joining the CEFC would lift the total investment value to $10 billion.
Read Peter Hannam’s story in today’s Melbourne Age - “‘Almost exponential': Green bank eyes rapid renewables growth as doubts linger.”
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