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.
2025: A record-breaking year for Australian clean energy but investment in new wind and solar remain
The Clean Energy Australia 2026 report shows renewables hit 43% of national electricity last year; battery capacity tripled; while financial commitments for new generation fell 46%, threatening transition momentum.
Budget 2026-27 upholds commitments to delivering secure, affordable electricity
The Clean Energy Council has welcomed the Albanese Government’s funding commitments to deliver faster environmental approvals as part of its productivity agenda that will include clean energy projects in this year’s Federal Budget.
Coalition transmission backflip puts Victoria's energy security at risk
The Victorian Liberal-Nationals announcement today to halt critical infrastructure projects VNI West and Western Renewables Link would leave Victoria with a weaker and less secure electricity system, that is increasingly exposed to coal outages as Yallourn heads towards closure.
Joint submission to AEMC on security framework enhancements and clarity and transparency in security
Our joint submission to AEMC on security framework enhancements and clarity and transparency in security frameworks calls for the consolidation of the two rule change proposals, improved governance of Essential System Services, clearer planning and reporting obligations and more streamlined procurement processes.
