2024 was the biggest year for clean energy investment since 2018
Read our summary of the quarterly investment report from Q4 in 2024.
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13 Feb 2025
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 Quarterly Investment Report revealed that Australia had its best year for large-scale renewable energy investment since 2018 with 4,346 MW of new generation capacity.
Pleasingly 4,029MW / 11,348 MWh of new energy storage projects were also committed over the year.
The quarterly result, which saw 1,598 MW of new generation capacity committed across seven projects is in line with the pace required for Australia to maintain its timely transition to a grid powered by clean energy, in the face of ageing and increasingly unreliable coal fired power stations.
Highlights for the quarter include:
The rolling 12-month average reached 3,282 MWh of energy output in Q3. This represents a 95% increase from the same period last year and highlights our ongoing commitment to ensuring grid stability when renewable generation fluctuates.
Submission on CFA design guidelines and model requirements for renewable energy facilities
Our submission to the draft CFA Design Guidelines and Model Requirements for Renewable Energy Facilities (Version 5) outlines concerns that proposed changes could constrain renewable energy development across regional Victoria.
AEMO’S 2026 Integrated System Plan reinforces urgency of Australia's clean energy build
"The plan is clear about what to build. The job now is to build it at a pace to replace coal generation in an orderly manner," said Jackie Trad, CEO of the Clean Energy Council.
NSW Opposition urged to maintain bipartisan backing for Renewable Energy Zones as coal exits system
The Clean Energy Council has urged the NSW Opposition to maintain its longstanding bipartisan support for the state’s Renewable Energy Zones, warning that winding back the New England Renewable Energy Zone would put at risk the infrastructure needed to replace retiring coal-fired power stations and keep the state’s electricity system reliable.
NSW Energy Security Corporation plugs in major battery funding commitment
The Clean Energy Council welcomes the landmark commitment from the NSW Energy Security Corporation (ESC) to establish four large-scale battery infrastructure across the state.
Submission to AEMO on integrating price-responsive resources (IPRR) into the NEM
Our submission to AEMO on integrating price-responsive resources (IPRR) into the National Electricity Market supports a staged delivery approach as a pragmatic response to system complexity and reform pressures.
