26/11/2012

Oliver Yates has been appointed the CEFC CEO appointment; Australia’s clean energy investment decision making is now in his capable hands.

In over two decades with Macquarie Bank departing in 2010 as the Global Head of Climate Change, Oliver possesses a deal sheet that spans Europe, Americas and the Asia Pacific region across wind, solar, bioenergy, carbon credits and other renewable businesses. Oliver has been instrumental during the infancy and now market development of the Australian carbon markets and now he will oversee the development of the Federal Government commitment to a clean energy future.

Oliver has most recently been working with an independent investments firm conducting deals across the renewable energy and clean technology industry and he brings with him both the bulge bracket investment powerhouse complexity of deal origination coupled with that of an
entrepreneurial flair in the more recent Driftwood Capital experience. The Clean Energy Finance Corporation has received advice from one of the Big4 firms earlier this year with regards to the investment parameters for clean energy mandates. Oliver will now oversee the investment decisions of the initial round of $2 billion capital allocation to be released as of July 1, 2013. One of his initial roles will be to build the investments team around him to ensure the sophisticated diversity of investments are balanced in terms of the renewable energy assets that can ensure Australia commits to the Renewable Energy Target of 2020 while appreciating the longer term research and development in the decades beyond.