Public Non-Financial Corporation

Projects must be linked to energy efficiency or renewable energy and meet the 8-year repayment period.

Loans issued to PNFCs are subject to interest at the TCV 10-year bond rate, and are exempt from the Financial Accommodation Levy (FAL).

The FAL is an additional 1-3% that is typically added to mimic the interest rate of a traditional bank loan. This is applied to ensure competing corporations in the private market do not experience unfair disadvantage.

No limits on funding available

No limits on loan size

How to start a project

Contact GGB Team

We’ll help you identify any opportunities for energy efficiency or renewable energy projects and check if you’re eligible for loan funding

Submit a Project Plan and Reserve Funding

Next, send us a letter from a suitable financial delegate with an attached signed project plan or business case

Energy Audit/Energy Performance Contract

Once the project plan is approved, engineers are engaged to provide solution quotes and proposals

Apply for Loan

If you’re happy with the quote/proposal and it meets an 8-year payback, apply for the loan via the GGB team

Install Solutions

When you receive the loan, install the solution and complete the project, informing us of progress and milestones

Measure and Verify Savings

Finally, measure the savings being generated by the solution to verify the promised savings are being delivered

Loan Repayment Example

Loan repayments commence on practical completion of the project and are made with the savings generated by the project. An $8 million project is expected to generate $1 million in savings each year. For the 8 year repayment period 100% of savings will go to Treasury Corporation Victoria.