Skip to main content

Australian Renewable Energy Scorecard

Quarter 2 September 2026

About 

Produced by IEEFA and Green Energy Markets, the Australian Renewable Energy Scorecard is a quarterly publication tracking the progress of renewable energy projects across Australia through their key development milestones, their capacity, and the level of investment and employment these projects could deliver.

The dataset covers all Australian states and territories, with the exception of the Northern Territory (NT), and areas of Western Australia (WA) outside the South West Interconnected System (SWIS). The Australian Capital Territory (ACT) is covered as part of New South Wales (NSW).

Details of the sources and methods used to compile this Scorecard can be found at the bottom of the page. 

Note: Using an updated internet browser will help to ensure all graphics on this page display correctly. For any issues, contact us.

Key Findings

The capacity of renewable energy and battery projects that developers are already pursuing is far greater than the amount of capacity required to meet the federal government’s 2030 target of 82% of electricity generated from renewable energy. 
However, the amount of renewable energy and battery capacity currently under construction is significantly lower than the new capacity that needs to be operational by 2030 to meet the target. 
There is a significant lack of renewable energy projects with power purchase agreements – which is a key impediment to renewables projects progressing to construction. 
Installations of rooftop solar and household batteries, meanwhile, have experienced record high levels over the second quarter of 2026.
Large-scale renewable and battery projects already in construction are providing around $6 billion in direct construction investment. If the remaining fully approved projects were to proceed to construction, the resulting investment would be around $44 billion.
Projects currently in construction in Australia’s main grids will provide 15,600 job years of employment over the full construction period. Converting the projects that already have development and environmental approvals into construction would deliver 127,000 job years of construction work.

Large-scale renewables

What's in the pipeline?
What's approved?
What's under construction?
How projects progress towards construction

Large-scale batteries

What's in the pipeline?
What's approved?
What's under construction?
How projects progress towards construction

Distributed energy: What’s coming online?

Rooftop solar 
Small-scale batteries 

Economic benefits 

How much investment is being unlocked?
How many jobs could be created?

Sources and methods

Large-scale renewables

 

What's in the pipeline? 

The remaining sections on large-scale renewables exclude the ‘Early-stage feasibility’ projects detailed in the charts above. They examine only the progress of renewable energy projects classed as ‘In development’ – ranging from those that have entered the planning and environmental approvals process, through to those that are under construction.

The capacity of wind and solar projects that developers are already pursuing is far greater than the amount of capacity required to meet the federal government’s 82% renewables target.


When looking only at projects classed as ‘In development’ across all states, the capacity exceeds the required capacity for both wind and solar projects (except for solar in Tasmania (TAS), which is at about the required level).


In all states, the wind pipeline is larger in capacity than the solar pipeline when considering the full range of projects (both ‘In development’ and ‘Early-stage feasibility’).


When looking only at ‘In development’ projects, the solar capacity is larger than wind in Queensland (QLD), Victoria (VIC) and South Australia (SA), and the wind capacity is larger than solar in NSW, WA and TAS.


QLD and NSW have the largest pipelines of renewable energy projects (including both ‘In development’ and ‘Early-stage feasibility’).

Large-scale renewables: What's approved?

In order to comfortably meet the 82% target by 2030, each state needs to build up a bank of fully approved capacity that substantially exceeds the new capacity required to be operational by 2030. This buffer accounts for the time it takes projects to move from fully approved to operational, and for the range of other hurdles beyond approvals that can prevent projects from progressing to construction. The extent of the buffer (or shortfall) currently held by each state varies considerably. 

Note that the approved capacity figures above are a snapshot in time — more projects will gain approval before 2030, which could narrow the gaps identified. A current surplus should be read as a stronger starting position, not a secured outcome, since approved capacity can also be withdrawn if projects fail to progress.

Across Australia’s main grids, the capacity of fully approved wind and solar projects noticeably exceeds the aggregate amount of capacity required to be operational by 2030 to achieve the 82% target – but the situation differs markedly state by state.  


QLD and SA have materially more fully approved solar and wind capacity than the capacity required to be operational by 2030 to meet the 82% target.


NSW and Tasmania are noticeably short on solar relative to the new capacity required. With regards to wind, NSW and TAS have a small buffer between fully approved and the new capacity required.


VIC and WA have more fully approved solar than the new capacity required by 2030 (VIC has significantly more), but both are short on wind (with VIC showing a major gap).

Large-scale renewables: What’s under construction?

This section explores projects that are currently under construction, noting that after construction commences projects generally take two to four years to reach operation. 

The amount of capacity currently under construction is far lower than the additional new capacity required to be operational by 2030 to meet the 82% target.


In NSW, VIC, TAS and WA, projects under construction amount to less than 10% of the new operational capacity required by 2030 (solar and wind combined).


SA and QLD have respectively 23% and 32% of the required capacity under construction (solar and wind combined).


NSW and QLD dominate the capacity under construction, especially when it comes to solar.

Large-scale renewables: How are projects progressing towards construction?

There are several hurdles involved in converting projects under development to ‘Under construction’: securing planning and environmental approvals; securing grid connection and transmission access; and securing financing and final investment decision. Not all fully approved projects move to construction. For example, in some cases two or more fully approved projects might be located in close proximity and, due to constrained transmission capacity, only one can viably proceed. 

Securing a contract that commits an end-customer to purchasing a significant portion of power from the project – generally for at least five and ideally 10-15 years – can substantially reduce uncertainty over the project’s revenues. Often referred to as power purchase agreements (PPAs), such contracts make it far easier to finance projects at lower cost. Government underwriting can also help projects access finance by providing some insurance in the event of unusually low market prices unfolding, but usually falls short of guaranteeing sufficient revenue to ensure a project’s financial viability.

Across the solar and wind pipeline, the biggest bottleneck where project progress appears to be stalling is securing PPAs.  


Only a small percentage of projects that have been fully approved have also been contracted (6% across Australia’s main grids). This appears to be a pivotal factor that is constraining the scale of projects under construction to well below what is required.


When it comes to solar projects, obtaining approvals doesn’t seem to be a major barrier, with only a quarter of projects awaiting one or more approval across Australia’s main grids. The main issue is converting approved projects to contracted and then construction.


For wind projects, obtaining approvals is still a major barrier, with 59% of projects in development awaiting one or more approval (i.e. either ‘Awaiting approvals’ or ‘Partial approval’). 

Large-scale renewables: How are government underwriting schemes supporting projects in moving to construction?

The main policy instrument being employed by the federal government to support the financing of renewable energy projects to deliver on its 2030 target is the Capacity Investment Scheme (CIS). This provides underwriting contracts to renewable energy projects, giving them a degree of insurance in the event of unusually low market prices (and requiring them to share revenue when project revenue exceeds an agreed level). This can reduce risk for financiers, though as mentioned previously, it usually falls short of guaranteeing sufficient revenue to ensure a project’s financial viability. 

The NSW Government, which has its own ambitious target to expand renewable energy, is also relying on underwriting contracts to deliver this. This section of the Scorecard seeks to assess how these underwriting schemes are performing in progressing new projects to reach construction and ultimately become operational.

In total, close to 25,500 megawatts (MW) of wind and solar projects have been awarded underwriting agreements from either the federal or NSW governments.


Of this underwritten project capacity, 38% (9,707MW) is still waiting for one or more government approvals (i.e. at either ‘Awaiting approvals’ or ‘Partial approval’), and 42% (10,794MW) has been approved but has neither received a PPA or started construction (i.e. ‘Approved but not contracted’).


Just 2,811MW of projects have progressed to construction after receiving an underwriting contract (i.e. are now either ‘Under construction’ or ‘Operational’).

Large-scale batteries

What's in the pipeline?

The remaining sections on large-scale batteries exclude ‘Early-stage feasibility’ projects. They examine only the progress of battery projects classed as ‘In development’ – from those in the planning and environmental approvals process, through to those under construction.

The scale of battery projects that developers are already pursuing is far greater than the amount of capacity required to meet the 82% target requirements. 


Across all states, battery projects already in development exceed the capacity required (even without considering projects in early-stage feasibility).


NSW and QLD have the largest pipelines of battery projects.

Large-scale batteries: What’s approved?

Across Australia’s main grids, fully approved battery capacity is slightly above the forecast capacity required to be operational by 2030 for Australia to reach the 82% target. 


VIC, WA, QLD and TAS have more fully approved battery capacity than the amount required to be operational by 2030. 


NSW and SA have less approved battery capacity than the capacity required.  

Large-scale batteries: What's under construction?

There are far fewer projects currently under construction compared to the operational capacity required by 2030 – with a capacity gap of about 80%.


NSW has the highest amount of new battery capacity under construction, followed by QLD, SA and VIC.


States are facing roughly similar capacity gaps in proportional terms, with the amount of battery capacity under construction between 72% and 82% short of what’s required by 2030 across states, with the exception of Tasmania. Tasmania is not projected to require any battery capacity due to its large share of hydro generation

Distributed energy: What’s coming online?

Rooftop solar

The second quarter of 2026 saw record high installations of rooftop solar capacity across all states. This has likely been driven by the Cheaper Home Battery Program (CHBP) improving the financial attractiveness of rooftop solar and encouraging those with pre-existing systems to upgrade to newer, larger installations. 


This recent spike in installations comes after an extended period of more or less stalled capacity additions stretching back to 2021. 


The average size of systems installed has been steadily increasing since 2016, reaching 10.5kW in Q2 2026.


NSW, QLD and SA have had the largest system sizes historically, with TAS catching up in Q2 2026.

Small-scale batteries

The second quarter of 2026 saw record high installations of small-scale battery capacity, with installations growing in every quarter since the launch of the CHBP in July 2025. However, it should be noted that more detailed monthly data that is not shown in charts above shows a drop in system installation numbers after April 2026. This can be attributed to adjustments the government introduced in May to reduce the level of the CHBP rebate. 


The average size of the small-scale battery systems installed has also grown each quarter, reaching 32kWh in Q2 2026. Again, more detailed monthly data not shown in charts above shows a large fall in average system size unfolded after April 2026, due to reductions of the rebate the government introduced in May.


The states with the largest small-scale battery systems installed are NSW and VIC, followed by QLD and SA.

Economic benefits

How much investment are large-scale renewables and batteries unlocking?

Large-scale renewable and battery projects already in construction are providing around $6 billion in direct domestic construction investment. 


The states attracting the largest construction investment from large-scale renewables and batteries are NSW, QLD and SA, respectively seeing $1.8 billion, $1.6 billion and $1.1 billion invested in projects currently under construction.


Across Australia’s main grids, the investment that would flow from the remaining pipeline of fully approved projects, if they were to proceed to construction, would be around $44 billion domestically.

 

How many jobs could large-scale renewables and battery projects create?

Projects currently under construction in Australia’s main grids – the National Electricity Market (NEM) and WA’s SWIS – will provide around 15,600 job years of employment over the duration of their construction period. Assuming an average project construction period of two years, this is equal to 7,800 full-time jobs.


The states getting the largest employment benefits from renewables and batteries under construction are NSW and QLD, with 5,500 and 4,500 job years created from projects under construction.


Across Australia’s main grids, converting the projects that already have the required development and environmental approvals (‘Approved but not contracted’ and ‘Approved & contracted’) into construction would deliver 127,000 job years of construction work. 

About IEEFA: The Institute for Energy Economics and Financial Analysis (IEEFA) examines issues related to energy markets, trends, and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy. ieefa.org 

About Green Energy Markets: Green Energy Markets provides clients with information, analysis and advice about the current and future state of Australia’s electricity and carbon abatement markets. Our aim is to assist clients to make informed investment, trading and policy decisions in the areas of clean energy and carbon abatement.
 

Media Enquiries: William Poole 
[email protected] | ph 0408 030 524 


 

 

Sources and methods

Scope

The Australian Renewable Energy Scorecard’s scope of analysis is restricted to projects that will connect to the main grid systems of the National Electricity Market (NEM) (which covers QLD, NSW, VIC, SA and TAS) and the Western Australian South-West Interconnected System (SWIS). It excludes off-grid and small grid systems such as the Pilbara’s North-West Interconnected System and the Darwin-Katherine Interconnected System. 

The grids covered by this Scorecard cover around 85% of Australia’s total electricity consumption based on information from the Australian Government’s 2025 Emissions Projections. Poor data availability inhibits the inclusion of the other sources of electricity consumption outside the NEM and SWIS.

The authors would like to extend an acknowledgement to Sustainable Energy Now for collaboration on Western Australia data. 

Estimating 2030 new capacity required

Required capacity for utility-scale solar, wind and batteries for the states within the NEM was sourced from the Australian Energy Market Operator (AEMO)’s 2026 Integrated System Plan (ISP). This plan provides a series of spreadsheets labelled as the Generation and Storage Outlook

IEEFA and Green Energy Markets used the generation and storage outlook spreadsheet for AEMO’s Step Change scenario and associated Candidate Development Path 4 (the “optimal development path”) for transmission as the source for the megawatts (MW) of solar and wind and megawatt-hours (MWh) of battery capacity that need to be in place by 2029-30 to achieve 82% renewables across the NEM. 

In relation to battery capacity, we assume the gigawatt-hours (GWh) of storage listed under Deep, Medium and Shallow Utility-Scale Storage will all be provided by batteries. 

Green Energy Markets’ Power Generation Database was used to determine how much wind, solar and battery capacity is already in operation. This was deducted from the amount of capacity AEMO estimated was required in 2029-30 to determine the amount of new capacity required to be brought online.

For the WA SWIS, neither AEMO, nor the WA or federal governments have produced a plan for how the electricity fuel mix will need to change to deliver on the federal government’s 82% target (WA’s Whole of System Plan (WOSP) is currently under development and won’t be finalised until 2027). Therefore, the amount of renewable generation required was based on achieving 82% of underlying electricity consumption from renewables in WA in 2029-30 using AEMO’s Expected scenario forecast of electricity consumption from its WEM Electricity Statement of Opportunities (ESOO). 

Rooftop solar’s contribution to power consumption was also based on AEMO’s Expected scenario forecast from its WEM ESOO. Deducting the rooftop solar generation and generation provided by already operational renewable projects (sourced from Green Energy Markets’ Power Generation Database) then provided the amount of generation growth required from new utility-scale wind and solar farms. 

Wind was assumed to provide 60% of this generation with solar the remaining 40% (roughly based on ISP NEM generation splits, given the WA WOSP is not yet released). The capacity factor (post curtailment) assumed for wind was 40%, based on recent years’ performance at modern WA wind farms. 

The capacity factor assumed for solar was 23% on an AC-rated basis, based on recent years’ performance at WA solar farms, with an allowance to account for expected future increase in solar curtailment. Transmission and distribution losses were assumed to be 7%, from the 2026 WEM ESOO. 

Required utility-scale battery capacity was derived from the average ratio of battery MWh capacity to average daily electricity consumption across the NEM states (excluding TAS) under the AEMO Step Change scenario, which was 21% for  2029-30. The already operational battery capacity (sourced from Green Energy Markets’ Power Plant Database) was then deducted from this estimate to determine the amount of additional new battery capacity required. 

Definitions of project statuses

New capacity required: Amount of new operational capacity each state needs to add by 2030 for Australia to meet its target for 82% of electricity to be generated from renewable energy 

Early-stage feasibility: Projects have not yet entered the planning and environmental approvals process. 

In development: Projects at various stages of advancement: from those entering the planning and/or environmental approvals process; to those under construction. 

  • Awaiting approvals: Projects have not yet received any approval.
  • Partial approval: Projects have received either planning or environmental approval but are still awaiting the other. 
  • Fully approved: Projects have secured both planning and environmental approvals (or have planning approval and are not deemed to require environmental approval). This includes projects shown elsewhere as ‘Under construction’, ‘Approvals but not contracted’, and ‘Approved & contracted.’ 
    • Approved but not contracted: Projects have secured both planning and environmental their required approvals (or have secured planning approval and are deemed to not require an environmental approval) but have not entered into long-term customer contracts.
    • Approved & contracted: Projects have their required approvals, have entered into long-term customer contracts, and can be considered close to “shovel ready” 
    • Under construction: Financing has been committed to constructing the project, with construction firms given unconditional notice to proceed with procuring equipment and constructing project in its entirety 
    • Under construction before underwriting: Projects that began construction before receiving an underwriting agreement. 

Operational: The project is connected to the grid and producing power 

Information sources: utility-scale solar, wind and batteries development status

The pipeline of renewable energy projects is sourced from Green Energy Markets’ Power Project Database – as of 30 June 2026 (Q2 2026). This has been compiled over two decades using a wide range of sources, including: state and local government planning system information; information gathered from renewable energy project developers and equipment providers; the AEMO; the Clean Energy Regulator (CER); the National Environmental Protection Agency’s Environmental Protection and Biodiversity Conservation (EPBC) Act Public Portal; and media reports. 

Information on which projects have received underwriting contracts from both the federal and NSW governments have been obtained from ASL (formerly AEMO Services).

Projects are deemed to be ‘In development’ once they begin the application process for development approval and/or EPBC approval. Prior to this point projects are deemed to be at the point of ‘Early-stage feasibility’.

Wind and solar farm projects are deemed to be ‘contracted’ once they secure a contract with a large energy consumer/electricity retailer to buy a substantial portion of the project’s output over around five years or more. They are not deemed as contracted if they have only managed to secure a government underwriting agreement because this will usually not provide sufficient revenue to make the project financially viable. 

Projects are deemed to be ‘Under construction’ once financing has been committed to constructing the project with construction firms given unconditional notice to proceed with procuring equipment and constructing the project in its entirety. Note that this might mean in some circumstances that physical construction works on site have not yet commenced; however they will almost certainly proceed given the project’s owner has entered a binding contract with a construction company and/or equipment providers to build the project. The key point here is the finance to fund the project has been committed to be spent via a contract with a construction firm and/or equipment provider. Also note that a construction contract for what is known as “early works” does not meet our criteria for being deemed ‘Under construction’, because it is not a contract to build the project in its entirety. 

Note that there are some periodic differences between Green Energy Markets’ list of projects under construction compared to AEMO’s Generation Information Page and the CER’s list of committed projects. This is due to differences in the level of research and information available to each respective organisation and the criteria applied to determining whether a project has been committed to construction. AEMO in particular must rely on survey responses from project developers, which can sometimes be subject to error or a failure to respond to the survey. Green Energy Markets meanwhile has the freedom to make use of multiple information sources and cross-check one against another. 

Projects are classified as ‘Operational’ once they begin exporting power to the electricity grid. Note that projects will then go through a process of commissioning and progressive ramp-up of output before reaching their full capacity. 

Information sources: rooftop solar and small-scale batteries

Information on rooftop solar and small-scale battery installations are sourced from Green Energy Markets’ Solar Report. This uses a data extract from the CER’s REC Registry of small-scale technology certificate (STC) claims. Please note that information on installations is reported in this Scorecard based on the date of the certificate claim registration. This is usually slightly later than the actual installation date of a system but remains a very good representation of the level of installations at the time shown in the charts.

Estimating investment numbers

The investment numbers are based on multiplying the megawatts of projects within a given status and technology type (wind/solar/battery) by a capital expenditure per megawatt factor for that specific technology type and an assumed percentage of the capital expenditure that will be spent domestically. The capital expenditure per megawatt factors used are: $1,354 for batteries (assumes four-hour duration); $1,249 for solar; and $2,989 for wind. 

The capital expenditure per megawatt factor is sourced from AEMO’s 2026 ISP Inputs and Assumptions Workbook version 7.8 . The Scorecard uses the build costs per megawatt figures for the Step Change scenario averaged across the years of 2025-26 to 2029-30. Averaged figures across multiple years are used because we don’t necessarily know the exact year projects in the pipeline might be committed to construction. 

The domestic expenditure proportions are: 17% for batteries; 40% for solar; and 46% for wind. These domestic proportions were informed by a combination of feedback from equipment providers and construction firms, as well as data on the component cost breakdown of utility scale projects from 2024 Energy Technology Cost and Technical Parameter Review, prepared by Aurecon for AEMO.

Estimating employment numbers

Construction employment numbers are based on multiplying the megawatts of projects within a given status and technology type (wind/solar/battery) by an employment factor per megawatt for that specific technology type. The amount of employment generated per megawatt by construction of a wind, solar or battery project is sourced from research undertaken by the University of Technology Sydney’s Institute for Sustainable Futures, which is detailed in their report, The Australian Electricity Workforce for the 2022 Integrated System Plan: Projections to 2050.

Join our newsletter

Keep up to date with all the latest from IEEFA