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.
Offshore wind auction puts Victoria on path to more clean power and thousands of new jobs
The Clean Energy Council (CEC) has welcomed the announcement by the Allan Government today to progress Victoria’s first offshore wind auction, which the industry's peak body said will help to establish a new clean energy industry in the state, delivering jobs, investment and reliable power for decades to come.
Three proposed offshore wind projects in Western Australia have been awarded final feasibility licences, unlocking the potential for large-scale clean energy generation and thousands of local jobs.
Australia’s electricity system is being forced to navigate its future with one wary eye on policy influencers who are far more invested in nostalgia than in how our renewables-driven energy system is actually built, financed and operated.
Joint submission to the AEMC on Clarity and Transparency in Security Frameworks rule change proposal
The Clean Energy Council (CEC) and Australian Energy Council (AEC) have submitted a joint Clarity and Transparency in Security Frameworks rule change proposal to the Australian Energy Market Commission (AEMC).
Eraring extension reinforces urgency of building new renewables and storage
Origin Energy’s decision today to extend the life of the Eraring coal-fired power station until 2029 is not unexpected, but underscores the urgent need to accelerate private investment in renewable energy, storage and transmission across NSW and the nation, to reduce reliance on an ageing coal fleet that is increasingly unreliable and costly, according to the Clean Energy Council.
Submission to the AEMC on the consultation paper on optimising contingency size in dispatch
We welcome the opportunity to comment on the Australian Energy Market Commission's (AEMC) Consultation Paper on Optimising contingency size in dispatch and Allocating FCAS contingency costs.
