ANZ and CEFC Invest Additional $150M in Energy Efficiency for Australian SMEs
ANZ and CEFC have committed an additional $150 million to facilitate access to discounted financing for energy-efficient investments in Australian small and medium-sized enterprises (SMEs). This funding aims to enhance productivity and reduce energy costs through the ANZ Energy Efficient Asset Finance Program.
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ANZ and the Clean Energy Finance Corporation (CEFC) have announced a $150 million increase in funding for Australian SMEs to invest in energy-efficient technologies, which includes electric vehicles and solar energy systems. This funding is part of a broader initiative where both ANZ and CEFC contribute to a total finance discount of 0.8% per annum, aimed at alleviating the financial barriers associated with adopting energy-efficient equipment.
Since 2017, over 1,600 businesses have benefited from more than $444 million provided through this partnership. The total investment by CEFC in this program now reaches $600 million. The initiative is expected to help businesses manage rising costs while enhancing operational efficiencies and sustainability efforts.
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