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Powering the switch to renewables

We're the leading bank to Australian greenfield renewable energy projects. In the last five years, we've helped deliver:

  • $8BN worth of capital investment
  • Across 24 new projects
  • That’s enough to power 2.7 million homes when completed.
     

Lending to renewable solutions has now hit a landmark 80% of our total electricity generation funding in Australia.
 

Our renewables industry experts are working in partnership with top project developers and corporate off-takers, as well as other financial institutions, to lead Australia’s shift to a low carbon future.


20 years of trailblazing

We've been pioneering market innovation in Australian renewable energy finance for two decades:

  • Challicum Hills Wind Farm – 1st project-financed wind farm
  • Woodlawn Wind Farm – 1st (and only) wind farm project-financed with no offtake contract
  • Emerald Solar Farm – 1st renewable energy project-financed as a corporate power purchase agreement
  • Kidston/Jemalong Solar Farm – 1st Green Loan globally to be certified under the Climate Bonds standard 3.0
  • New England Solar Farm – 1st solar farm project-financed with no offtake contract.

Your partner in building a sustainable future

Australia’s oldest bank brings a unique understanding of the energy sector and the dynamism of the switch to renewables to its partnerships:

  • Providing deep technical and commercial knowledge to tailor deals and deliver better outcomes
  • Bespoke industry insights and research to empower decision-making
  • Proven experience in delivering to challenging deadlines and timetables to meet the rapidly evolving demands of the industry.

Renewables insights in Westpac IQ

A burning issue: Turning waste into energy

This cheat sheet explains how it works to meet circular economy goals of lowering emissions, while reducing, reusing and recycling waste.
 

Leading the way on sustainable and renewables finance

As Australia’s economy recalibrates, the transition to clean, green energy will gain further momentum, predict experts at Westpac, and the bank is ready to support the next phase.
 

Reforming the Grid

Renewables sector concerns around a “fit-for-purpose” grid are expected to be tempered by the latest recommendations of the Energy Security Board, its Chairman Kerry Schott tells the AFR.
 

Things you should know

Source: Westpac research and IJ Global. Westpac Institutional Bank is a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714. This information is correct as at 1 December 2021. 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 2021 Westpac Banking Corporation