Industry snapshot
The shift from fossil fuels to renewable energy is the biggest economic opportunity since the Industrial Revolution. Discover the numbers behind Australia's clean energy transition.
Accelerating the clean energy transition
There are tens of billions dollar of large-scale renewable energy projects under construction across Australia
Here we provide a snapshot of renewable energy projects that are under development around the country which will soon be feeding clean, low-cost energy into the Australian electricity market.
of Australia's energy generation came from renewable sources in 2024.
rooftops across Australia have solar panels installed, helping lower electricity bills.
Australian workers are employed directly in the clean energy industry.
Large-scale storage and generation projects
As of December 2024, there are 97 renewable energy projects under construction across Australia, or due to start soon (based on projects that have reached financial close and not yet commissioned).
These wind, solar, storage, hydro and bioenergy projects will deliver billions of dollars in capital investment and hugely increase Australia's renewable energy generation and storage capacity.
8 projects
under construction or financially committed
1975 Megawatts
of capacity
4550 MWh
of energy storage
$1877m
of total investment
2 projects
under construction or financially committed
41 Megawatts
of capacity
38.5 MWh
of energy storage
$53.3m
of total investment
8 projects
under construction or financially committed
1206 Megawatts
of capacity
4163 MWh
of energy storage
$3142.8m
of total investment
7 projects
under construction or financially committed
847 Megawatts
of capacity
1964 MWh
of energy storage
$631.2m
of total investment
7 projects
under construction or financially committed
1735.5 Megawatts
of capacity
4327 MWh
of energy storage
$2773m
of total investment
12 projects
under construction or financially committed
3135 Megawatts
of capacity
7720 MWh
of energy storage
$2993.5m
of total investment
ACT:
1 project, 100 MW, 100 MWh: $71m investment
No projects
under construction or financially committed
Financially committed generation projects and capacity, quarterly
Total capacity of generation projects by development status, annually
16 projects
currently at financial close or under construction*
4042.5 Megawatts
of installed capacity
$6.3b
of capital investment
3 projects
currently at financial close or under construction*
44.7 Megawatts
of installed capacity
$48.7m
of capital investment
15 projects
currently at financial close or under construction*
818.8 Megawatts
of installed capacity
$3.4b
of capital investment
9 projects
currently at financial close or under construction*
940.2 Megawatts
of installed capacity
$1.6b
of capital investment
21 projects
currently at financial close or under construction*
3015.1 Megawatts
of installed capacity
$6.2b
of capital investment
20 projects
currently at financial close or under construction*
4001 Megawatts
of installed capacity
$5.5b
of capital investment
1 project
currently at financial close or under construction*
5 Megawatts
of installed capacity
$8m
of capital investment
Financially committed generation projects and capacity, quarterly
Total capacity of generation projects by development status, quarterly
Large-scale projects completed
As well as the huge number of projects that are still in construction or due to start construction soon, these are the number of projects across Australia that are completed each year and now operational.
Please note that data is based on information we have been able to source. Data is not always available for every project.
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
|
|---|---|---|---|---|---|---|---|---|
|
Number of generation projects |
11 |
28 |
42 |
35 |
41 |
19 |
12 |
21 |
|
Investment in generation ($M) |
$1590.0 |
$3361 |
$5775 |
$4641 |
$6232 |
$5658 |
$1519 |
$3876 |
|
Installed capacity (MW) |
654 |
1614 |
2942 |
2820 |
3,833 |
3,333 |
1,309 |
2,000 |
|
Number of storage projects |
1 |
3 |
3 |
1 |
4 |
4 |
8 |
5 |
|
Investment in storage ($M) |
$90 |
$129 |
$72 |
$42 |
$353 |
$87 |
$960 |
$3,700 |
|
Installed capacity (MW) |
150 |
90 |
130 |
13 |
426 |
69 |
724 |
619 |
|
Energy generation (MWh) |
194 |
115 |
135 |
4 |
647 |
101 |
947 |
1,677 |
Rooftop solar and home batteries
Australian homes and businesses are embracing rooftop solar and other renewable technologies at record rates.
Australia is a world leader in rooftop solar. More than 300,000 rooftop solar systems were installed across Australia in 2024, bringing the total number to more than 4 million,but it's just the beginning of our electrification journey.
Read about the incentives, education and regulation we're advocating for to help Australian homes and businesses go all-electric.
Australian workers are currently employed directly in the clean energy industry and that number needs to grow.
more workers are needed by 2030 to support the rapid transition to renewables
Building our workforce
Investing in people and industry
Skills and labour shortages are affecting the energy transition. Read about how we're contributing to one of the largest recruitment drives the country has ever seen.
Ready to get involved?
