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.
Victorian Transmission Plan crucial to unlocking clean energy investment
The Clean Energy Council today welcomed the release of VicGrid’s 2025 Victorian
Transmission Plan (VTP) and emphasised the importance of a strong grid and clear
regulatory settings that will provide certainty for community and clean energy investors.
Clean Energy Council's statement on the role of gas in Australia's energy mix
There has been a bit of misinformation and misreporting on the Clean Energy Council’s approach to gas recently.
This is a complex and nuanced topic. But facts matter. See our statement here.
Clean Energy Council Chief Executive to step down after 15 years of leadership
After 15 years of leadership at the Clean Energy Council, and over ten years as Chief Executive, Kane Thornton, will step down from the role at the end of July.
Australian Election delivers mandate for clean energy
The Clean Energy Council, the peak body for Australia’s renewable energy industry, congratulates the Australian Labor Party on a decisive and historic victory at the 2025 election - a vote of confidence by the Australian people in the nation’s clean energy future.
Submission to ACT Emergency Backstop Consultation Paper
The Clean Energy Council (CEC) welcomes the opportunity to provide feedback to the Australian Capital Territory (ACT) Government on the ACT Emergency Backstop Capability Consultation Paper.
$58 billion of clean energy investment, 42,000 jobs foregone by 2030 under Coalition plan
At least $58 billion worth of new private investment in clean energy would be wiped from Australia’s economy, with more than 42,000 full-time equivalent jobs and billions of dollars in community benefits at risk if renewable energy is capped at 54 per cent of Australia’s electricity mix under the Coalition’s energy agenda, new modelling has found.
