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.
Investment certainty greatly improved following Capital Gains Tax agreement in the Senate
Australia’s peak industry body for the clean energy industry has welcomed Treasurer Chalmers' announcement today to provide long term certainty for investors committed to Australia’s future energy needs.
Coalition VNI West decision puts Victoria's energy security at risk
The Victorian Coalition’s decision to scrap the VNI West transmission link if elected is a direct threat to Victoria’s energy security, leaving the state with fewer options to keep electricity flowing to Victorian families and businesses.
Gippsland New Energy Conference (GNEC) - Speech by Jackie Trad, Clean Energy Council CEO
Gippsland has powered Victoria for generations. And over the next three years, it will again sit at the centre of the decisions that determine whether Victorians have reliable, affordable and secure electricity.
Prime Minister's announcement strengthens Australia's clean energy growth story
The Clean Energy Council has welcomed the agreement to secure the future of the Tomago aluminium smelter, saying it demonstrates that Australia’s clean energy transition can strengthen heavy industry and protect blue-collar jobs.
Clean Energy Council welcomes game-changing commercial and industrial solar incentive
The Clean Energy Council welcomes today's announcement of an expanded SRES support for up to 1 MW of solar capacity being installed for commercial and industrial applications. Large commercial rooftops are untapped potential to assist with powering our cities.
Clean Energy Council calls for renewable resources payment to put regional communities first
The Clean Energy Council has called for the creation of a national Renewable Resources Payment scheme that would provide a permanent funding stream for the regional communities hosting Australia's clean energy infrastructure.
