Renewable energy finance

Leading the way on financing Australia’s switch to renewables.
Westpac IQ

Partners in powering the energy transition

Our deep knowledge of the energy sector informs our unique understanding of the switch to renewables. Customers look to us for insights, market commentary and analysis to support their transition targets and to structure innovative financial solutions.

Energy generation

Financing the development of a clean energy future.

Creating networks

Rewiring the nation by financing the infrastructure that underpins energy transition.

Powering customers

Supporting the delivery of clean energy power to Australians businesses and households.

How we can help

We provide corporate finance expertise, including:

  • Project finance
  • Interest rate hedging 
  • Syndicated bank financing 
  • US private placement
  • Australian bonds
  • FX hedging 
  • Cross-currency derivatives
  • Transactional banking
  • Sustainable finance

Westpac’s commitment to a low carbon future

With deep experience in the market and an enduring track record we are well advanced on our own pathway to net-zero. The bank sourced the equivalent of 100% of its Australian direct electricity demand from renewables from April 20231.

 

Renewable energy insights on Westpac IQ

blue bubble with h2

New report: A reality check for Australia’s great hydrogen dream

Can Australia still realise its dream to become a clean hydrogen superpower? A new report by Westpac Institutional Bank and AFRIntelligence pressure-tests the viability of the nation’s ambitions with a group of energy industry leaders.

Offshore Wind Turbine in a Windfarm

Offshore wind: Turning on renewable energy’s next generation

A global market is booming, and developers and investors are eyeing the huge potential of Australia’s world class offshore wind resources as the nascent industry starts to move ahead.

Photograph of the cooling tower at the now closed Wallerawang Power Station in The Central Tablelands of New South Wales in Australia

Reimagining power stations: Next generation assets

Drawing on existing skill sets and infrastructure, old coal-fired power stations are being repurposed into renewable energy hubs and vibrant community assets as the low-carbon transition gains pace.

Jon Pooley

Executive Director, Energy

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Sustainability insights

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Things you should know
  1. On track to achieve 100% renewables outcome for our direct operations. 95% of this supply is expected to be sourced from within the markets the electricity is consumed. We will continue to identify opportunities to lift local sourcing to 100%, to include our Fiji and PNG businesses.

Westpac Institutional Bank’s financing exposures are not limited to green and sustainable financing. For more details of Westpac Institutional Bank’s financing exposures please see our latest presentation and results (PDF 5MB).

Westpac Institutional Bank is a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714. This product is available only to wholesale clients within the meaning of s761G of the Corporations Act 2001. You should consider whether or not this product is appropriate for you. Terms and conditions apply. Copyright 2023 Westpac Banking Corporation.