CEFC Makes Headlines with Record $2 Billion Investment in Transmission Upgrades Amid Rising Costs

The Clean Energy Finance Corporation (CEFC) is closing 2024 with a game-changing announcement, pledging its largest-ever single financial investment of nearly $2 billion to accelerate the development of Australia’s clean energy transmission networks.

This record-breaking investment targets two key projects led by network company Transgrid: the HumeLink project and the New South Wales segment of the Victoria-NSW Interconnector (VNI West). Together, these projects are crucial to creating a clean energy "superhighway" that will facilitate the integration of renewable energy and reduce emissions.