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.
Budget 2025-26: Short-term energy bill relief with renewables on track to lower future power bills
With over 70 per cent of Australians naming cost-of-living as their priority issue in recent polls, the Clean Energy Council has welcomed the additional $150 energy bill rebate for all Australian families and small businesses in this years’ Federal Budget.
While this short-term relief will be welcomed by Australians, the Clean Energy Council continues to call for a national home battery program that will deliver long-term reductions in power prices.
Green light to unlock Australia's green hydrogen potential
The Clean Energy Council welcomes today’s announcement of the first recipient from the Australian Government’s Hydrogen Headstart program with $814 million in funding allocated to the 1500 MW Murchison Green Hydrogen Project in Western Australia, for the development of a major new renewable ammonia export facility.
Rooftop solar uptake booms in 2024 - New report sparks call for national home battery rebate
Australians’ desire to take control of their power bills has continued to see rooftop solar uptake boom in 2024, according to the Clean Energy Council’s bi-annual Rooftop Solar and Storage Report (Jul-Dec 2024) released today which found for the fifth consecutive year, more than 300,000 Australian homes and businesses installed rooftop solar.
Response to the 2025-26 Default Market Offer (AER)
While today’s decision is not what was hoped for, it confirms that ageing and increasingly unreliable coal-fired power stations, are by far the biggest contributors to these higher costs for Australian households and small businesses - as well as an over-reliance on expensive gas, which is in short supply.
