Read our 2025 report for data and insights on the state of Australia's clean energy industry in 2024.
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28 May 2025
Clean energy investment soared in 2024, led by a significant uptick in new financial commitments to large-scale generation and another strong year for big batteries. Meanwhile, rooftop solar continued to lead the transition in terms of capacity added.
It is critical that industry, governments, communities and other stakeholders work together to maintain the momentum that has been built in recent years and double down on Australia’s extraordinary clean energy potential.
That includes $9 billion for new large-scale generation projects - the highest single year ever, and the highest since the boom of 2018. That includes $5.8 billion of new investment commitments for wind projects - the highest yearly figure since the Clean Energy Council began reporting data in 2017.
With 3.2 GW of new capacity added, rooftop solar led the energy transition in 2024 - almost reaching the rooftop solar record of 2021.
It was fifth year running that more than 300,000 rooftop solar installations took place, and rooftop solar now generates over 12% of Australia's electricity.
1.3 GW of large-scale solar and 836 MW of onshore wind was added to the grid in 2024.
Many of the headwinds for large-scale energy projects remain from recent years, including slow planning and environmental assessment processes in some jurisdictions, higher costs and tighter markets for equipment and labour.
More Aussie households to benefit from a summer of solar storage
Today’s announcement by the Minister for Climate Change and Energy, of an increase in funding for the Cheaper Home Batteries Program to $7.2 billion, recognises the success of the program in driving substantial uptake among the 4.3 million Australian households and small businesses with rooftop solar installed.
New Queensland Energy Plan must focus on driving renewable energy investment
The Clean Energy Council and our members acknowledge the passage of Queensland’s Energy Roadmap Amendment Bill 2025, which recognises the important role that renewables will continue to play in Queensland’s energy mix. However, we remain concerned about a lack of ambition set out in the State Government’s Energy Roadmap, which outlines up to 6.8 GW of new wind and large-scale solar farms, and up to 3.8 GW of storage capacity are projected to be brought online by 2030.
AEMO's 2026 Integrated System Plan shows renewables rollout is the least-cost pathway
AEMO’s 2026 Draft Integrated Systems Plan (ISP) confirms that Australia must replace its ageing coal generation, and the cheapest way to do that is by scaling up renewables, storage and firming.
Quarterly Investment Report: Large-scale renewable generation and storage, Q3 2025
The third quarter of the 2025 calendar year (Q3) saw energy storage projects continue to charge ahead with new records set, while momentum for renewable energy investment activity continued to slow for large-scale electricity generation.
Update on asbestos supply chain issue (wind turbines)
The Clean Energy Council (CEC) is continuing to work closely with wind industry manufacturers, relevant regulators and our member companies, following the discovery of asbestos within brake pads used in the internal service lifts of some wind turbines supplied by third-party manufacturers.
