This means that in 2024, investment was greenlit for 4,346MW of new renewable energy generation capacity, while energy storage also saw strong growth, with 4,029MW/11,348MWh of new projects committed. In Q4 alone, investments were made into 870MW/1,936MWh of new energy storage.
According to the CEC, Lightsource bp’s 450MW Goulburn River solar-plus-storage plant in New South Wales was the largest project to have been financially committed in the last quarter. The plant entered construction on 16 December after receiving development consent from the Australian government in early October. It also received the largest investment share in this quarter, with AU$880 million.
The project is expected to be operational by the end of 2026, and its plans include installing an on-site…
