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Quarterly Investment Report: Large-scale renewable generation and storage, Q2 2025
Find out about the latest investment updates for clean energy in Australia
15 Aug 2025
Quarter 2 2025 marked another soft quarter of investment activity across Australia for both large-scale electricity generation and energy storage projects.
- The second quarter of the 2025 calendar year (Q2) marked another soft quarter of renewable energy investment activity across Australia for large-scale electricity generation, as well as energy storage projects.
- Four generation projects totalling 615 MW of capacity secured financial commitment in Q2 2025, which is the critical lead-indicator for new power projects.
- Three storage projects worth 334 MW (capacity) / 1,168 MWh (energy output) reached financial close, which marks the lowest quarterly result for storage projects since Q1 2023.
- Five generation projects were commissioned in Q2 2025 with a total operating capacity of 312 MW.
- Two storage projects were commissioned in Q2 worth 325 MW / 760 MWh. The rolling average energy output for commissioned storage projects reached a new height in Q2 2025, at 584 MWh.
- There are currently 83 renewable electricity generation projects, which are in the financial commitment or under construction pipeline, representing 13.1 GW of capacity. There are also 73 committed storage projects (either standalone or hybrid projects) currently in this pipeline, equivalent to 12.8 GW / 33.3 GWh in capacity / energy output.
- In total, just 1,173 MW of new utility scale generation projects have been committed so far in the first half of 2025, which represents roughly one third of the run-rate required (6-7 GW per annum) for Australia to stay on track to reach its 82 per cent renewable energy target by 2030.
- No onshore wind farm has yet been committed in 2025.
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