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Quarterly Investment Report, Large-scale renewable generation and storage, Q1 2025
Find out about the latest investment updates for clean energy in Australia
27 May 2025
Australia's remarkable run of investment commitments to energy storage projects continued in Q1 2025. Six storage projects representing 1,510 MW (capacity) / 5,016 MWh (energy output) reached financial close – the second-highest quarterly result for newly financially committed storage projects.
- New financial commitments to generation projects experienced a slow start to the year after a bumper fourth quarter in 2024. The May Federal Election created considerable political and policy uncertainty for investors through Q1, given the stark differences in energy policy between the two major parties. There is cause for optimism that investment will continue to trend upwards throughout the remainder of 2025 given the certainty and policy continuity stemming from the federal election outcome and impact of policies such as the Capacity Investment Scheme.
- Two projects representing 386 MW of new generation capacity reached financial commitment. The large number of advanced-stage development projects in the pipeline suggests that a larger number of projects should hit FID over the course of the year ahead.
- Five generation projects were commissioned in Q1 2025 for total operating capacity of 756 MW. Meanwhile, two storage projects were commissioned, adding a total of 56 MW / 98 MWh of capacity / energy output.
- There are currently 82 renewable electricity generation projects which are in the financial commitment or under construction pipeline, representing 12,544 MW of capacity. There are also 69 committed storage projects (either standalone or hybrid projects) currently in this pipeline, equivalent to 12,532 MW / 32,078 MWh in capacity / energy output.
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