2024 was the biggest year for clean energy investment since 2018
Read our summary of the quarterly investment report from Q4 in 2024.
Share this report
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.
Peak energy industry bodies have called on Energy Ministers to ensure industry is thoroughly involved and consulted in the reported review of Australian Energy Market Operator’s (AEMO) governance arrangements.
Record home battery surge charges up Australia's biggest power station on Aussie rooftops
Australian households have installed as many home batteries in the six months to the end of last year, as they did across the previous five years combined, as families and business strive towards energy independence, reducing energy bills and setting a new record for home battery installations, new research reveals.
Rooftop solar and storage report - July to December 2025
Australians are driving a record home battery surge. Our report 2025 shows a record 183,245 batteries were sold in Australia in the second half of 2025 alone.
Op-ed: The most important power station in the nation is on our rooftops
Australia’s energy grid is changing. Our clean energy future is being built panel by panel and battery by battery, in suburbs, towns and regional communities across the country.
Offshore wind auction puts Victoria on path to more clean power and thousands of new jobs
The Clean Energy Council (CEC) has welcomed the announcement by the Allan Government today to progress Victoria’s first offshore wind auction, which the industry's peak body said will help to establish a new clean energy industry in the state, delivering jobs, investment and reliable power for decades to come.
Three proposed offshore wind projects in Western Australia have been awarded final feasibility licences, unlocking the potential for large-scale clean energy generation and thousands of local jobs.
