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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Australia invests $4.29bn in renewable energy in December quarter, 10 times the previous three months

solar farm on red earth desert
Investors tipped $6.2bn into renewable energy and storage in Australia for 2022, a 17% increase on the previous year. Photograph: moisseyev/Getty Images/iStockphoto

Investment in large-scale renewable energy and storage accelerated in the final three months of 2022, creating the largest quarterly investments for more than four years, but the pace remains inadequate, the Clean Energy Council says.

Developers made financial commitments to renewables and storage totalling $4.29bn in the December quarter, a 10-fold increase on the previous three months.

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