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Clean Energy Australia report

Read our report for data and insights on the state of Australia's clean energy industry in 2024

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<p>Clean Energy Australia report</p>

Clean energy investment soared in 2024, led by a significant uptick in new  financial commitments to large-scale generation and another strong year for big batteries. Meanwhile, rooftop solar continued to lead the transition.

It is critical that industry, governments, communities and other stakeholders work together to maintain the momentum that has been built in recent years and double down on Australia’s extraordinary clean energy potential.


New investments in clean energy totalled $12.7 billion in 2024 - the highest year on record.
That includes $9 billion for new large-scale generation projects - the highest single year ever, and the highest since the boom of 2018. That includes $5.8 billion of new investment commitments for wind projects - the highest yearly figure since the Clean Energy Council began reporting data in 2017.
Rooftop solar raced past 4 million installations on households and small businesses.
With 3.2 GW of new capacity added, rooftop solar led the energy transition in 2024 - almost reaching the rooftop solar record of 2021. It was fifth year running that more than 300,000 rooftop solar installations took place, and rooftop solar now generates over 12% of Australia's electricity.
The story for new large-scale generation connected to the grid in 2024 was more mixed, with capacity added down on 2023.
1.3 GW of large-scale solar and 836 MW of onshore wind was added to the grid in 2024. Many of the headwinds for large-scale energy projects remain from recent years, including slow planning and environmental assessment processes in some jurisdictions, higher costs and tighter markets for equipment and labour.

Clean Energy Australia 2025