Australia Renewable Energy Market: Trends, Drivers, and Future Outlook (2025–2034)

Wed, 02 Apr 2025 06:31:12 +0000

The Australia renewable energy market attained a capacity of 56.23 gigawatts (GW) in 2024, largely due to the diversification of energy sources, which enhances national energy security by lessening the reliance on imported fossil fuels. The market is expected to grow at a CAGR of 10.40% from 2025 to 2034, reaching 151.24 gigawatts by 2034. This robust growth reflects Australia’s commitment to sustainable energy, driven by abundant natural resources, supportive government policies, and increasing global demand for clean energy solutions.