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The Guardian - AU
The Guardian - AU
Environment
Petra Stock and Adam Morton

Australia’s investment in large-scale wind and solar hits six-year peak

Man in front of wind turbine
The renewable energy sector in Australia saw the highest level of investment in 2024 since 2018. Photograph: David Gray/Reuters

Investment in large-scale wind and solar farms in Australia has reached its highest level in six years, with $9bn committed in 2024, according to industry data.

The Clean Energy Council said financial commitments were made for 4.3 gigawatts of new renewable capacity last year. It was the highest level of investment since 2018, when there was a rush of construction to meet a national 2020 renewable energy target.

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