Australia’s investment in large-scale wind and solar hits six-year peak

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Data comes as federal government passes legislation Thursday making expanded energy underwriting program law

Investment in large-scale wind and solar farms in Australia has reached its highest level in six years, with $9bn committed in 2024, according to industry data.

The Clean Energy Council said financial commitments were made for 4.3 gigawatts of new renewable capacity last year. It was the highest level of investment since 2018, when there was a rush of construction to meet a national 2020 renewable energy target.

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