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A report from the Clean Energy Council indicates that Australia recorded more renewable generation capacity reaching financial close and more large-scale battery storage coming online in the first half of 2026 than in all of 2025, according to pv magazine Australia. The council’s bi-annual investment report on large-scale renewable generation and storage for January to June 2026 states that five generation projects totaling 1.4 GW of new capacity, valued at more than AUD 2.8 billion, were commissioned and began operating during the period.
The council reported that the rolling 12-month quarterly average for newly commissioned capacity has reached 912 MW, an increase of 56% compared with the same period a year earlier and the highest rolling average since the first quarter of 2022. Another eight generation projects totaling roughly 1.9 GW entered construction in the first half of 2026.
Alongside the generation projects, nine battery energy storage projects worth $4.3 billion and representing 2.3 GW/7.1 GWh of storage capacity were switched on in the first six months of the year, exceeding the 2 GW/5.1 GWh added during 2025.
New generation capacity reaching financial close in the first half of 2026 also surpassed the whole of 2025, with 12 projects totaling 2.6 GW securing finance compared with 2.3 GW across all of last year. Utility-scale solar drove the commitments, with 11 of the 12 projects being solar or solar hybrids and one onshore wind project also reaching financial close. A further 13 large-scale battery storage projects totaling 1.6 GW/6.5 GWh reached financial close in the period, including a record 6.3 GWh in the June quarter.
Chief Executive Officer Jackie Trad said the results demonstrate the resilience and growth of the clean energy industry despite difficult headwinds. She said Australian sun and wind cannot be cut off by conflict overseas, and that each new solar, wind and battery investment helps make the country more energy independent and economically resilient, shielding Australians from global fossil fuel price shocks and supply disruptions.
The council said 141 renewable energy generation and battery storage projects worth around $32.5 billion are now funded or under construction across Australia. This includes 76 generation projects totaling 11.7 GW and 79 storage projects, either standalone or hybrid, equivalent to 12.6 GW/35 GWh.
Solar accounts for 53% of generation capacity at financial close or under construction, with Queensland, New South Wales and Western Australia each holding approximately 27% of solar capacity at that stage. Queensland holds the largest share of pipeline investment at $9.6 billion and 4.5 GW in projects at financial close or under construction, while New South Wales has the largest battery storage pipeline at 4.3 GW/11.2 GWh.
Trad said Queensland is leading the nation in clean energy investment, showing what can be achieved when world-class renewable resources are matched with investor confidence. She added that the story extends beyond any single state or territory, with investors across Australia backing technologies they expect to power the economic future and strengthen energy security.
Trad also warned that clean energy investment is not immune to tougher conditions and said confidence appears to be softening, particularly for onshore wind, with investors citing approvals and transmission as their biggest obstacles. She said maintaining momentum on the $32.5 billion of generation and storage projects now under construction or at financial close will require predictable approvals, timely transmission and long-term revenue certainty to help more projects, including onshore wind, move into operation.
Interactive table based on the Store Companies dataset for this report.
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Commercial and Technical Scope
How the Market Splits Into Decision-Relevant Buckets
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Supply Footprint and Value Capture
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Price Formation and Revenue Logic
Who Wins and Why
How the Domestic Market Works
Commercial Entry and Scaling Priorities
Where the Best Expansion Logic Sits
Leading Players and Strategic Archetypes
How the Report Was Built
Australia's only solar panel manufacturer
Prefabricated solar array solutions
High-efficiency solar power plants
Flexible and glass-free solar products
Developing high-efficiency cell technology
Solar windows and glazing
Next-generation solar cell materials
Major distributor of solar products
Lead generation and consumer platform
Performance monitoring software
Racking and mounting solutions
Local subsidiary of global inverter company
Long-standing solar thermal company
Commercial and industrial LED lighting
LED lighting manufacturer and supplier
Australian subsidiary of global lighting group
Supplier of LED lighting solutions
Integrated solar LED lighting systems
Large-scale solar farm developer
Solar and LED lighting for businesses
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