It will provide up to A$120m for three new PV programmes offering long-term leasing and power-purchase agreements (PPAs).

"We're working with Australian and international financial institutions, solar providers and manufacturers to offer new financing products that will widen and deepen the take-up of solar technology across Australia," says chief executive Oliver Yates.

"Our new offerings are an important development in solar PV financing in Australia because they include both PPAs and solar leasing."