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.
Clean Energy Council welcomes NSW Government firming tender to boost energy security
Today’s announcement by the NSW Minister for Energy, Penny Sharpe, to direct a tender for the supply of 500 MW of additional firming capacity in NSW, was welcomed by the clean energy industry, following the Minister’s address at the Clean Energy Council’s 2025 Australian Clean Energy Summit in Sydney today - a move the peak body says will safeguard NSW amid a forecast energy shortfall in 2027-28.
GenCost 2024-25 reaffirms renewables as lowest cost energy transition pathway
The latest GenCost report released by the CSIRO today reaffirms the longstanding reality that renewables are the lowest-cost, and most practical option to transition Australia’s energy system.
Clean Energy Council appoints new Chief Policy and Impact Officer
The Clean Energy Council Board is pleased to announce it has appointed William Churchill to the role of Chief Policy and Impact Officer, as the industry’s largest peak body doubles down on the delivery of a successful energy transition.
