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.
Marinus Link makes a splash with funding secured to tap into Tasmanian hydro powerhouse
The Clean Energy Council welcomes today’s news of $3.8 billion in funding locked in by the Clean Energy Finance Corporation for the Marinus Link undersea electricity transmission cable between Tasmania and the mainland.
When it comes to Australia’s energy future, communities have legitimate questions. When communities ask these questions, leaders, industry and government need to provide accurate information versus fuelling a community divide everyone is seeking to avoid. While people are entitled to their views, the facts are universal.
Clean Energy Council announces Jackie Trad as new Chief Executive Officer
The Board of the Clean Energy Council is pleased to announce it has appointed Jackie Trad as its new Chief Executive Officer to lead the organisation into its next chapter.
Victorian Transmission Plan to keep state's energy transition on the move
The Clean Energy Council welcomes VicGrid’s proposed amendments to the final Victorian Transmission Plan as an important step towards boosting industry and community confidence in the state’s energy transition.
Time to put the pedal to the metal on planning and productivity reforms as Q2 investment slows
For the second consecutive quarter in 2025 Australia has seen weaker investment in new renewable energy and storage projects, following subdued investor confidence earlier this year. Only 615 MW ($520 million) of new large-scale solar and no new wind farms reached financial close in the second quarter, falling well short of the pace required to hit Australia’s 2030 renewable energy target, according to new data released today by the industry’s peak body.
