The federal government’s $33 billion green bank has shifted towards supporting household electrification and major poles and wire projects vital to Australia’s green energy transition, after moving on from large-scale solar and standard batteries that are now established technologies.

Clean Energy Finance Corporation chief executive Ian Learmonth said it was likely to be a few years before the corporation was prepared to risk taxpayer money on offshore wind projects that Climate and Energy Minister Chris Bowen is trying to establish in Victoria, NSW and Western Australia.