Australia's clean energy investments fall short of reaching climate targets

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New Clean Energy Council data has revealed some positive signs for Australia's energy transition.

Year-to-year investment saw a 17 per cent bump on 2021, with $6.2 billion in 2022. The final quarter of 2022 saw investment in financially committed large-scale generation and storage projects reach $4.3 billion, the highest quarterly investment since Q3 2018. Six generation and storage projects reached financial close, representing 1923 MW of new installed capacity and 800 MWh of storage. In releasing the Renewable Projects Quarterly Report for Q4 2022, Clean Energy Council Chief Executive Kane Thornton said that investors were... ... More: Official Press Release Clean Energy Council

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Clean Energy Council, investment, Australia, grid, green, energy transition, large scale, generation, MW, storage, renewable energy