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.
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.
Submission on IPART’s Review of the regulatory framework for Supply Connection Infrastructure in NSW
Our submission to IPART’s review of supply connection infrastructure in NSW highlights that proposed additional regulation for dedicated connection asset (DCA) operators could increase barriers to entry. It also outlines alternative approaches to manage risks within existing frameworks, while maintaining competition to support investment in new renewable energy projects.
Clean Energy Council response to Channel 7 Spotlight program
Ensuring integrity in supply chains is a serious global issue that cuts across multiple industries worldwide, and it deserves sustained attention from governments, companies and civil society as well as the global community.
Submission to DCCEEW on the draft Catalogue of Measures
Our submission to DCCEEW on the draft catalogue of measures to avoid and mitigate collisions of birds and bats with wind farms, calling for greater clarity on integration with the EPBC Act approval process and the Australian Collision Risk Framework, a risk-based decision matrix and model conditions, and clearer direction on curtailment, data limitations, cumulative impacts, regulatory constraints and emerging technologies.
Submission to DCCEEW on the draft Australian Collision Risk Framework
Our submission to DCCEEW on the draft Australian Collision Risk Framework for onshore and offshore wind farms calls for a proportionate, risk-based approach that avoids overly conservative outcomes and provides greater clarity on integration with the EPBC Act approval process.
Submission on WA draft Renewable Energy Planning Code and accompanying Guidelines
The Clean Energy Council has submitted feedback to the Department of Planning, Lands and Heritage (WA) on the Draft Renewable Energy Planning Code and accompanying Guidelines, calling for greater certainty around noise compliance, increased turbine envelopes for micro-siting and changes to development application requirements.
