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.
Time to put the pedal to the metal on planning and productivity reforms as Q2 investment slows
For the second consecutive quarter in 2025 Australia has seen weaker investment in new renewable energy and storage projects, following subdued investor confidence earlier this year. Only 615 MW ($520 million) of new large-scale solar and no new wind farms reached financial close in the second quarter, falling well short of the pace required to hit Australia’s 2030 renewable energy target, according to new data released today by the industry’s peak body.
Quarterly Investment Report: Large-scale renewable generation and storage, Q2 2025
Quarter 2 2025 marked another soft quarter of investment activity across Australia for both large-scale electricity generation and energy storage projects.
Planning reform and transmission top priorities for Energy Roundtable - CEC
The Clean Energy Council (CEC) welcomes the opportunity to participate in the Energy Roundtable being hosted by the Minister for Climate Change and Energy on 8 August, focussed on driving productivity to secure Australia’s energy future.
This is a valuable opportunity to have a serious and solutions-focussed discussion about the nation’s clean energy transition and the challenges currently confronting it.
Clean Energy Council welcomes NEM Wholesale Market Review
The Clean Energy Council (CEC) welcomes the release of the draft report of the NEM Wholesale Market Settings Review, which puts forward a suite of policy reforms aimed at delivering the affordable, reliable and clean energy system Australia needs over the long term.
Productivity, Planning and Powering Australia’s Future: Highlights from ACES 2025
The 2025 Australian Clean Energy Summit held in Sydney earlier this week, by the Clean Energy Council brought together over 1500 industry professionals, leaders, policy makers, developers across leading clean energy organisations, in two days of lively discussions and presentations covering the challenges and opportunities facing Australia’s energy transition.
2025 Clean Energy Council Awards winners announced
The 2025 Clean Energy Council Award winners announced on Tuesday evening at the Australian Clean Energy Summit in Sydney represented some of the best and brightest minds driving change and innovation in the renewables sector.
