The federal government’s green bank, the Clean Energy Finance Corporation, has named Paul McCartney as its new CEO, to take the reins at what will be a crucial era of growth, as coal plants close and industry scrambles to meet emissions reduction and renewables targets.
McCartney will step into the CEO role on September 18 as an internal hire, moving up from his current position as Chief Investment Officer, Rewiring the Nation, and with more than 12 years under his belt at the Clean Energy Finance Corporation (CEFC).
CEFC chair Steven Skala says that in his most recent role, McCartney has overseen delivery of the “complex” $19 billion Rewiring the Nation scheme, while in the past he has originated and led some of the CEFC’s “most strategically significant investments,” including its largest single investment in Marinus Link.
“Paul has been a strong advocate for the CEFC’s role in accelerating investment, reducing barriers to capital and supporting the development of new clean energy markets,” Skala said in a statement on Thursday.
“The Board is confident that his experience, strategic insight and deep understanding of the CEFC mission positions him strongly to lead the organisation through its next phase of growth and impact.”
