Spending on building renewable energy infrastructure is forecast to peak at $20 billion in 2026, stimulated by the Australian government’s target of 82% electricity from renewables by 2030, but caution remains over workforce capability.
Renewable energy will be the largest contributor to growth in Australia’s construction sector over the next three years, with annual activity reaching $20 billion (USD 13.3 billion) in FY2026, according to a new report from Sydney-based industry forecasting company Macromonitor.
The Renewable Energy Construction Outlook – Australia report provides detailed forecasts for renewable energy construction spending in Australia, covering all major types of renewables, including solar and battery, hydro and biomass.
It notes renewable energy construction has already increased from $4 billion in 2021 to about $10 billion in 2023, with the peak in renewable generation forecast to reach…
