Payments to farmers and landholders hosting large-scale renewable energy projects across Australia’s main electricity grid are expected to top $1 billion by 2030 and could reach up to almost $10 billion by 2050.
Australia has recorded its four millionth rooftop solar installation maintaining its status as a world leader, with a total of 25 GW capacity, and which surpasses the amount of coal generation nationwide.
Investment in large-scale renewable energy generation continues to trend upwards in Australia with more than 1.4 GW of new solar and wind projects, worth $3.3 billion, reaching financial commitment in the third quarter of 2024.
The Clean Energy Regulator has nominated the Clean Energy Council as the product listing body for solar panels and inverters eligible under the small-scale renewable energy scheme.
A global renewable energy jobs review has found Australia could achieve a 5 GW module capacity on the back of new domestic upstream facilities but requires a $7.8 billion investment over the next decade, and initially, an expatriate workforce to achieve it.
Australian households and small businesses continue to spearhead the nation’s renewable energy transition with a new report revealing that 1.3 GW of rooftop solar was installed during the first half of 2024.
From 1 October 2024 all solar modules approved by the Clean Energy Council will be required to meet 2021 standards, including all new solar installations, unless a formal extension has been granted.
A new Clean Energy Council report signals a steady recovery in levels of investment in large-scale renewable energy generation and strong ongoing investment in large-scale energy storage.
New South Wales government efforts to stabilise the grid through an incentive scheme offering battery rebates has caused a lull in battery uptake and installations while some consumers wait another four months for the rebate to kick in.
The Clean Energy Council looks set to be reappointed as the product listing body responsible for maintaining and publishing lists of approved solar panels and inverters eligible for use in Australia’s solar rebate program.
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