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.
The opening of Australia’s first offshore wind auction marks a watershed moment for Victoria’s energy system, unlocking one of the nation’s richest renewable energy resources, anchoring jobs and investment in regions like Gippsland, and delivering energy reliability for generations to come.
Renewables are delivering real benefits in Central West NSW
Discover what's happening on the ground in the Central-West Orana Renewable Energy Zone in NSW, one of the regions building the wind, solar, battery and transmission projects that will power Australia's future.
Investment certainty greatly improved following Capital Gains Tax agreement in the Senate
Australia’s peak industry body for the clean energy industry has welcomed Treasurer Chalmers' announcement today to provide long term certainty for investors committed to Australia’s future energy needs.
Coalition VNI West decision puts Victoria's energy security at risk
The Victorian Coalition’s decision to scrap the VNI West transmission link if elected is a direct threat to Victoria’s energy security, leaving the state with fewer options to keep electricity flowing to Victorian families and businesses.
Gippsland New Energy Conference (GNEC) - Speech by Jackie Trad, Clean Energy Council CEO
Gippsland has powered Victoria for generations. And over the next three years, it will again sit at the centre of the decisions that determine whether Victorians have reliable, affordable and secure electricity.
Prime Minister's announcement strengthens Australia's clean energy growth story
The Clean Energy Council has welcomed the agreement to secure the future of the Tomago aluminium smelter, saying it demonstrates that Australia’s clean energy transition can strengthen heavy industry and protect blue-collar jobs.
