By Abdullahi Lukman
The Australian government has appointed Equifax Australasia Credit Ratings to design and operate a new Developer Rating Scheme aimed at improving transparency and accountability among renewable energy developers.
The scheme, which already has 60 developers signed up for its pilot phase, will run until March 2026, after which compliant developers’ ratings will be publicly available.
The program will provide regular assessments of renewable energy and transmission businesses, including those working on battery energy storage systems (BESS).
By rating developers on business integrity, governance, financial stability, community engagement, and project track record, the scheme aims to streamline complex community and landholder interactions.
Climate Change and Energy Minister Chris Bowen highlighted the scheme’s role in helping landholders make informed decisions and encouraging higher standards in developer-community relationships.
The Department of Climate Change, Energy, the Environment and Water (DCCEEW) noted that only developers meeting minimum standards will be listed on a free public register, while those who opt out or fail requirements will be excluded.
Inspired by New South Wales’ iCIRT construction rating system, Equifax will collaborate with governments, industry, and community groups to finalize the scheme.
Australian Energy Infrastructure Commissioner Tony Mahar stressed the importance of participation, describing the rating as a vital tool for community trust and urging all developers to join voluntarily.
