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.
CEC welcomes new government data centre principles to deliver energy security and jobs for Australia
A strategic and national approach to the development of data centres represents an opportunity to support Australia’s energy resilience and our national interest, says the peak industry body for the clean energy sector.
Submission on Domestic Wind Tower Manufacturing to DISR
The Department of Industry, Science and Resources consulted on options to support the domestic manufacturing capability of wind towers in the short (1-4 years) to medium (5+ years) terms, including their servicing supply chains.
Submission to BCT regarding Biodiversity Offsets Payment Calculator
The CEC provided a submission regarding changes proposed by the NSW Biodiversity Conservation Trust to the Biodiversity Offsets Payment Calculator Order 2022.
Community benefit guidelines set stronger path for Western Australia's renewable energy rollout
New community benefit guidelines released by the WA Government today will empower communities to provide direction over community benefit programs funded by new clean energy projects.
Environmental impacts of renewable energy projects
Australia’s renewable energy sector exists because of the environment, not in spite of it. Climate change remains the biggest long-term threat to native species and habitat, which is why transitioning out of fossil fuels, such as coal, to clean, reliable, renewable energy is critical.
Data centre rush must power itself says industry, unions and environment groups
Data centres setting up shop in Australia in the AI boom will be required to contribute to Australian energy and skills under a proposal put to the federal government by an alliance of industry groups, unions, community groups and environmental organisations today.
