Investor Updates
Australia’s Clean Energy Finance Corporation appoints inaugural CEO
30 November 2012
Australia’s Clean Energy Finance Corporation (CEFC) has appointed Oliver Yates as its inaugural Chief Executive Officer (CEO).
The CEFC was announced in July 2011 as part of the Australian Government's Clean Energy Future Plan.
A $10 billion fund, the CEFC is dedicated to mobilising its own and private sector capital into renewable energy, low-emissions and energy efficiency projects and technologies in Australia. It will operate with the expectation of minimal budgetary assistance and its investment decisions will be made independently of the Government, based on rigorous commercial assessments.
Mr Yates brings to this new position many years’ experience in the clean energy sector. He also has over twenty years’ experience in financial services, particularly in corporate advisory, financial structuring, project finance, debt structuring, and equity raising and listings. At Macquarie Bank, Mr Yates was involved in establishing new businesses and growing operations internationally, and led the bank's initiatives in wind, solar, biofuels, carbon credits and other renewable businesses.
Mr Yates will be responsible for the day-to-day operation of the CEFC and will be instrumental in preparing the CEFC to begin investing.
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