australia

Australia’s New South Wales has increased its renewable energy targets to 16GW of new clean power generation by 2030 and 42GWh of long-duration energy storage (LDES) by 2034.

July 2025, the peak of the Australian winter season, saw generation from utility-scale and rooftop solar increase by 12.78% year-on-year in the National Electricity Market (NEM).

Australia’s Productivity Commission said the country should phase out subsidies for renewables and replace them with market-based incentives.

Western Australia network operator Western Power has confirmed it has granted two more network connection offers to two new large-scale renewable energy projects, bringing its total for 2024/25 to 759MW.

Dutch pension fund APG has agreed to provide Octopus Australia with AU$1 billion to support its solar, wind, and BESS portfolio.

Lucy Nation has said bp paid the price for proceeding “too quickly,” resulting in its exit from the 26GW AREH project in Pilbara.

Australia’s Clean Energy Finance Corporation (CEFC) has announced it has invested a record AU$4.7 billion (US$3.09 billion) in large-scale renewables, energy storage, and transmission projects during the 12-month period ending 30 June 2025.

KKR has invested AU$500 million in Australia’s CleanPeak Energy to support the rollout of DERs such as rooftop solar PV and battery storage.

Two major transmission infrastructure projects have progressed in Western Australia and New South Wales, in a win for renewables.

AEMO has reported a record-breaking surge in new renewable energy generation and storage assets reaching full operation within the NEM.