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.
New Queensland Energy Plan must focus on driving renewable energy investment
The Clean Energy Council and our members acknowledge the passage of Queensland’s Energy Roadmap Amendment Bill 2025, which recognises the important role that renewables will continue to play in Queensland’s energy mix. However, we remain concerned about a lack of ambition set out in the State Government’s Energy Roadmap, which outlines up to 6.8 GW of new wind and large-scale solar farms, and up to 3.8 GW of storage capacity are projected to be brought online by 2030.
AEMO's 2026 Integrated System Plan shows renewables rollout is the least-cost pathway
AEMO’s 2026 Draft Integrated Systems Plan (ISP) confirms that Australia must replace its ageing coal generation, and the cheapest way to do that is by scaling up renewables, storage and firming.
Quarterly Investment Report: Large-scale renewable generation and storage, Q3 2025
The third quarter of the 2025 calendar year (Q3) saw energy storage projects continue to charge ahead with new records set, while momentum for renewable energy investment activity continued to slow for large-scale electricity generation.
Update on asbestos supply chain issue (wind turbines)
The Clean Energy Council (CEC) is continuing to work closely with wind industry manufacturers, relevant regulators and our member companies, following the discovery of asbestos within brake pads used in the internal service lifts of some wind turbines supplied by third-party manufacturers.
Long-overdue environmental reforms a milestone for sustainable development
The Clean Energy Council (CEC) congratulates the Federal Government on its successful negotiation of comprehensive reforms to the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) with the Australian Greens, announced today.
