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.
Back on track - Aussie clean energy investment reaches new highs in 2024
Australia has seen its best year for large-scale renewable energy investment since 2018, finishing the year strong in 2024 with $9 billion in total capital investment committed to projects that will help Aussies keep the lights on, according to new figures released by the Clean Energy Council today.
Statement on legislation of Capacity Investment Scheme
The Clean Energy Council welcomes the Federal Parliament today legislating the continuation of the Capacity Investment Scheme to deliver 23 GW of new renewable energy generation capacity and 9 GW of clean dispatchable capacity by the end of 2030.
Quarterly investment report: 2024 was the biggest year for clean energy investment since 2018
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.
Production Tax Credit bill puts Australia back in the game for new growth industries
The successful passage of Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 by the Australian Senate is a win for jobs, manufacturing and economic growth, according to the peak body for the clean energy sector.
Industry responds to policy U-turn on proposed Southern Ocean Offshore Wind Zone
Australia has enormous potential in offshore wind. This could play a huge role in powering our country’s energy system in the future, driving down power prices as well as creating enormous numbers of jobs and economic opportunities in areas like South-West Victoria.
Submission to proposed amendments to the Service Target Performance Incentive Scheme
The Clean Energy Council (CEC) does not support suspending the market impact component without a replacement and supports the amendments to the network capability component with additional improvements.
