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.
Eraring extension reinforces urgency of building new renewables and storage
Origin Energy’s decision today to extend the life of the Eraring coal-fired power station until 2029 is not unexpected, but underscores the urgent need to accelerate private investment in renewable energy, storage and transmission across NSW and the nation, to reduce reliance on an ageing coal fleet that is increasingly unreliable and costly, according to the Clean Energy Council.
Submission to the AEMC on the consultation paper on optimising contingency size in dispatch
We welcome the opportunity to comment on the Australian Energy Market Commission's (AEMC) Consultation Paper on Optimising contingency size in dispatch and Allocating FCAS contingency costs.
Connections Reform Initiative - December 2025 update
In early 2021, AEMO and the Clean Energy Council (CEC) established the CRI to address concerns with delays and increasing complexity in connecting to the National Electricity Market (NEM).
Asbestos in wind turbine brake pads - update on testing and remediation
The Clean Energy Council is continuing to work with wind industry manufacturers, regulators and our members on the discovery of asbestos within brake pad components of internal service equipment of some wind turbines supplied by third-party manufacturers.
Energy market reforms on the horizon from Ministers' final meeting for 2025
The Clean Energy Council (CEC) supports the outcomes of yesterday’s final meeting between the country’s Energy Ministers, and said it demonstrated positive progress towards securing the vital reforms that will drive a fit for purpose wholesale energy market design and a national technical framework for consumer energy resources.
CSIRO GenCost report reaffirms firmed renewables as most practical option for Australia
The Clean Energy Council, Australia’s peak body for the sector, welcomed the 2025-26 GenCost report released today calling it the most comprehensive electricity cost modelling to-date which it said confirms the cheapest way to replace ageing coal power stations is with renewables backed by batteries, storage and flexible firming.
