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 industry risk index maps road to faster clean energy project delivery
Based on an extensive survey of industry insiders, the Renewable Energy Risk and Insurance Index, shows the increased scale and maturity of Australia's clean energy industry, with more organisations operating across different technologies and jurisdictions and delivering more complex projects.
Australia’s clean energy transition presents an enormous opportunity. Realising it requires a clear view of the risks involved in ambition and delivery.
The Clean Energy Council (CEC) has warned the Victorian Labor Government’s decision to abandon the Central North Renewable Energy Zone (REZ) creates further uncertainty over how the state will replace its ageing coal-fired power stations.
Clean Energy Council appoints new Board Directors to strengthen representation
The Clean Energy Council is pleased to share the appointment of two new Directors to the Board: Will Hall, Managing Director of Sigenergy Australia & New Zealand, and Brent Finlay, Managing Director of Finlay Agricultural Industries.
Submission on the Draft Planning for Bush Fire Protection 2026
Our submission to the NSW Rural Fire Service's draft Planning for Bush Fire Protection 2026 recommends a more risk-based approach to planning requirements, ensuring bushfire protection measures are proportionate to site-specific risks while supporting renewable energy development.
The opening of Australia’s first offshore wind auction marks a watershed moment for Victoria’s energy system, unlocking one of the nation’s richest renewable energy resources, anchoring jobs and investment in regions like Gippsland, and delivering energy reliability for generations to come.
