Investment in large batteries amounted to $ 2.4 billion in the first three months of 2025, making it the second strongest energy storage in Australia.
the Latest data From the Clean Energy Council, six new storage projects were found – totaling 1.5 GB – Mali’s proximity was reached (the financial commitment that means that the project is likely to be built) and the last time level in the last quarter of 2023 with $ 2.8 billion.
The largest was a four -hour Wooreen batteries system in Victoria, at 350 MW, which was supported by the capacity investment plan in the federal government.
It also reached three large -scale battery systems in southern Australia, one in Queensland and one in New South Wales to Mali.
Renewable energy began a slower start for this year, as two solar energy farms – totaling 386 megawatts and 410 million dollars – reached a financial closure. CEC said the first most quieter quarter was typical, with an increase in investment throughout the year.
She said: “Over the past five years, the average new investment obligations in the first quarter of the year reached 427 megawatts, compared to the average Q4 of 1,153 megawatts during the same period.”
By the end of March, 82 renewable energy projects reached a financial commitment or was under construction, and it represented 12GW of the capacity.
The strong result of storage in the first quarter followed Australia The largest year for clean energy investment in 2024Where the solar installations raced on the roof on homes and companies after 4 meters, CEC’s Annual shot He found.
Investment in renewable energy on a large scale reached 9 billion dollars, an increase of 500 % in 2023. In addition to investing in energy storage to provide the highest clean investment in the country with a record of $ 12.7 billion.
Arron Wood, chief policy and influence in CEC, said political certainty will continue to help push the “water water” levels of investing in the government’s private sector to achieve its goal of 82 % of renewable energy by 2030.
“The goal is ambitious, but it can be achieved,” Wood said. “With the elections behind us, reduce inflation and strong participation in the industry in the capacity investment scheme, early signs indicate that we can expect to see an investment in the private sector in both renewable energy generation projects and storing batteries increases with the progress of the year.”
Renewable energy provided 40 % of the total electricity generation in Australia in 2024, an increase of 39.4 % in 2023. An additional CEC 6GW report of wind and solar farms annually by 2030 said to replace retired charcoal.
“Clean energy Wood said the Australian report has a lot of good news in it, “adding that he showed that the investment flows with the correct and continuity policy settings.
“Preparing to build energy transmission in Australia exists. But this is not only something you can appoint and forget.”
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New transport lines Wood said it was important to keep the pace, as well as connecting projects to the network as quickly as possible. Working with societies to build support to move and increase local benefits was also important.
There is a reason for optimism, but to maintain the pace of investment and development in a much faster, construction and assignment.
He said: “We need to get speed and expand the current prices, especially with the delay in the network connection.”
“There is a great momentum, and more,” said Anna Scarbek, CEO of the Climate Center.
She said that the transmission of electricity was well tracked in terms of replacing fossil fuels with renewable energy.
She said: “We know that to achieve a prosperous economy, in a completely incomplete global economy, when all sectors are zero – you will actually use a lot of electricity what we use today.”
Reaching the legislative goal of the pure government by 2050 means at least a double in the demand for electricity, as other sectors, including transportation, mining and industry, have sought to reduce their emissions.
“We know that Australia has the ability to do this,” Skarbek said. “Australia has a very large potential for the use of renewable energy in the heavy industry sectors, and this is a truly important contribution to global trade. We also have global solar penetration on a small scale or energy distributed in captivity.”
