Australia’s renewables boom fading as investors lose confidence, energy council says

Clean Energy Council says Morrison government's lack of meaningful policies' and leadership on climate could mark start of downturn

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Australia's boom in rooftop solar and large-scale renewables is fading as investors lose confidence, with the lack of coordination by the Morrison government partly to blame, according to the Clean Energy Council.

The warning comes as the industry marked its latest record year for household solar, wind and solar farms, and big batteries. Renewable energy's share of the electricity supply reached 32.5%, doubling since 2017, the council said in its annual report.

In 2021, clean energy capacity grew by 6.3 gigawatts, or about four times that of AGL's Liddell coal-fired power plant. The Liddell power station will shut the first of its four units on Friday ahead of a complete closure slated for April 2023.

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