Monthly compliance report - January 2023

The CEC's submission to the NEM wholesale market settings review (or the Nelson review) identifies the need to address long-term uncertainty through well-thought-out market design.

Australia has seen its best year for large-scale renewable energy investment since 2018, finishing the year strong in 2024 with $9 billion in total capital investment committed to projects that will help Aussies keep the lights on, according to new figures released by the Clean Energy Council today.

The Clean Energy Council welcomes the Federal Parliament today legislating the continuation of the Capacity Investment Scheme to deliver 23 GW of new renewable energy generation capacity and 9 GW of clean dispatchable capacity by the end of 2030.

Renewable energy investment reached new highs in 2024 with a massive $9 billion invested in renewable energy projects across the year, along with 10,000 new jobs.

The successful passage of Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 by the Australian Senate is a win for jobs, manufacturing and economic growth, according to the peak body for the clean energy sector.

Australia has enormous potential in offshore wind. This could play a huge role in powering our country’s energy system in the future, driving down power prices as well as creating enormous numbers of jobs and economic opportunities in areas like South-West Victoria.