“The past year has been a defining one for Australia’s transition to net zero. Global energy markets have again highlighted the importance of reducing our reliance on fossil fuels and accelerating the shift to clean, renewable energy and electrified transport,” he said.
“While emissions reduction remains at the heart of the CEFC mission, recent events have reinforced that the clean energy transition is also about reducing costs, building a stronger, more resilient economy, improving energy security and creating long-term economic opportunity.”
Learmonth’s successor, Paul McCartney, takes over as chief executive on 18 September 2026.
The FY26 result follows a prior record set in FY25. In the 12 months to 30 June 2025, the CEFC committed AU$4.7 billion (US$3.1 billion) to large-scale renewables, energy storage and transmission projects, a figure 2.5 times higher than FY24, driven by the HumeLink transmission commitment and an AU$1.4 billion finance package supporting Neoen’s Australian portfolio.
The FY26 figure of AU$9.1 billion represents a further doubling of that record within a single year.
