Australia could add over 7GW of renewable energy capacity by the end of 2024

Facebook
Twitter
LinkedIn
Reddit
Email
Rooftop solar PV is also set to overtake coal-fired power this decade. Image: Climate Change Authority (iStock).

Australia’s Clean Energy Regulator (CER) has revealed that over 7GW of renewable energy capacity could be added in the country by the end of 2024.

The regulator said this is due to an upgraded estimate of 3GW to 4GW of large-scale wind and solar PV reaching first generation and an estimated 3.1GW of small-scale rooftop solar being added, according to the organisation’s Quarterly Carbon Market Report for Q2 2024.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The CER also said 1.5GW of large-scale renewable power station capacity was approved in the first half of 2024, and 2.5GW of applications were under assessment at the end of Q2 2024.

In the first half of 2024, final investment decisions for large-scale renewables continued to increase. A total of 1.8GW of capacity reached a final investment decision, surpassing the 1.6GW that reached a final investment decision in 2023.

Rooftop solar PV to overtake coal-fired power this decade

In what has proved a successful year for utility-scale renewable energy installations, rooftop solar PV also continues to storm ahead in the Australian market. Indeed, coverage from PV Tech last week (20 September) revealed that rooftop solar PV could overtake coal-fired power stations by the end of the decade.

Indeed, the non-profit organisation Climate Council signalled that Australia, the global leader in rooftop solar PV installations, could add a further 26.4GW by the end of the decade, bringing its total to 49.4GW.

Australia currently has around 3.6 million households with rooftop solar PV installed, granting households an average annual savings of around AU$1,500 (US$1,021). Collectively, this means Australian households are saving around AU$3 billion per year.

Monthly installation rates for solar PV continue to sit above the 250MW mark in Australia, with August seeing 277MW installed, according to solar consultancy SunWiz. This was a 7% month-on-month decrease on the figures witnessed in July, where 302MW was installed, achieving a record level for the mid-year interval.

Australia has the potential to install around 103GW of rooftop solar PV, which is four times the current capacity. This is 1.5 times the capacity of the utility-scale electricity generators in Australia’s National Electricity Market (NEM), which powers the entire east coast, South Australia, and Tasmania.

Read Next

September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.
September 17, 2025
QatarEnergy has signed an EPC agreement with Samsung C&T for its 2GW Dukhan project. 
Premium
September 17, 2025
PV CellTech: Martin Pochtaruk, CEO of North American solar module manufacturer Heliene, says US producers must learn to survive without tax incentives.
September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA