Australia: 2023 A ‘Significant Year’ For Utility-Scale Battery Storage Construction And Financing

Continued growth in rooftop solar and “record-breaking” investment into utility-scale energy storage led renewable energy to fulfil almost 40% of Australia’s electricity supply in 2023, according to a new report from the Clean Energy Council (CEC).

The trade association’s Clean Energy Australia 2024 report shows that renewables accounted for 39.4% of the country’s electricity supply last year, representing a 9.7% increase. This rise was facilitated by 5.9GW of new clean energy capacity which came online, spearheaded by rooftop solar.

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