Renewables rebound after slump but must speed up to hit Labor’s 2030 energy goals

The Clean Energy Council estimates that Australia will have more than 25GW of rooftop solar by the end the year, with more than 3.7m homes and small businesses equipped. Photograph: AAP

Large-scale renewable energy investment and construction in Australia is rebounding this year after a slump, but will need to accelerate to reach the pace needed to meet the Albanese government’s goal for 2030.

The country could add more than 7 gigawatts of renewable energy capacity this year, up from 5.3 GW last year, according to data released by the Clean Energy Regulator.