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.
Clean Energy Council appoints new Chief Policy and Impact Officer
The Clean Energy Council Board is pleased to announce it has appointed William Churchill to the role of Chief Policy and Impact Officer, as the industry’s largest peak body doubles down on the delivery of a successful energy transition.
Submission to the Better Energy Customer Experiences Consultation Paper
A submission to the Federal Department of Climate Change, Energy, the Environment and Water’s (DCCEEW) Better Energy Customer Experiences (BECE) Terms of Reference (TOR) and Consultation Paper.
Clean Energy Council welcomes headstart for second green hydrogen project in Australia
The Clean Energy Council welcomes today’s announcement of a second large-scale green hydrogen project to benefit from the first round of the Government’s $2 billion Hydrogen Headstart program announced in the 2023-24 Budget – with a $432 million investment in Orica’s Hunter Valley Hydrogen Hub set to replace its reliance on gas at its Kooragang Island operation in NSW, with green hydrogen.
