Renewable energy construction in Australia has surged significantly since 2017, and this growth is expected to continue in the coming years, with a peak in 2026/27, followed by historically high levels of construction activity. This trend is driven by several factors, including:
- Australian government’s commitment to achieving net-zero emissions by 2050 and reducing emissions by 43% by 2030.
- The closure of several coal-fired power stations between 2023 and 2035 is also expected to lead to greater investment in renewable electricity generation.
- Large-scale battery storage and new transmission routes are being constructed to support the development of Renewable Energy Zones across Australia.
- State governments have also implemented policies to incentivize renewable energy investment, including state-specific renewable energy targets and reverse auctions, contributing to a higher percentage of renewable generation compared to the national Renewable Energy Target.
This report provides a concise explanation of the outlook for the various construction segments in renewable energy. It provides ten years of forecasts, and corresponding project list, for Australia’s renewable energy construction.