Read our 2025 report for data and insights on the state of Australia's clean energy industry in 2024.
Share this report
28 May 2025
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 in terms of capacity added.
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.
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.
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.
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.
Planned upgrades to WA's main grid a welcome boost to state's energy transition
The Clean Energy Council welcomes the release of the new South-West Interconnected System (SWIS) Transmission plan by the Cook Government, setting out a schedule of upgrades to expand transmission infrastructure and unlock over 2 GW of renewable generation capacity by 2030, and strengthen the competitiveness of local businesses and supply chains in delivering this critical component of the state’s energy transition.
Wind, solar, hydro and storage powering Australia's path to 2035
The Clean Energy Council welcomes today’s announcement by the Federal Government and Climate Change Authority in setting Australia’s next emissions reduction target. These targets are essential to give investors and communities the confidence that Australia is serious about delivering on its climate commitments.
Australia's clean fuel future has plenty in the tank
The Clean Energy Council has welcomed the Albanese Government’s announcement of more than $1 billion to establish a domestic low-carbon liquid fuels industry, describing it as a landmark step in decarbonising Australia’s hardest-to-abate sectors.
Offshore wind support critical to regional Victoria
While today's announcement by the Victorian Government to delay the Victorian offshore wind procurement process is disappointing, we appreciate this will provide more time to ensure the first auction is well-placed to succeed, ultimately seeing the offshore wind sector supporting local regional development for communities in the Latrobe Valley - home to the Gippsland offshore wind zone.
Australia powers ahead on rooftop solar as nation set to achieve 2030 rooftop target - new report
Rooftop solar generated power for more than 4.2 million homes and small businesses - delivered 12.8 per cent of Australia’s electricity in first half of 2025.
