Australia is committed to creating clean energy sources and prioritising renewable energy. We have an abundance of sunshine, wind and other natural attributes, making us one of the world’s most attractive markets for renewable energy investment and deployment opportunities.
Under the Australian Government’s Powering Australia plan, we’re boosting renewable energy as we look to reduce Australia’s emissions to 43% below 2005 levels by 2030 and reach our net zero target by 2050. In addition to generating around A$76 billion in investment and creating 604,000 jobs by 2030, the plan will:
- provide A$20 billion to upgrade the electricity grid to support more renewable power
- install 400 community batteries across the country with an investment of A$200 million to maximise Australia’s rooftop solar transformation
- provide a A$100 million co-investment for 85 solar banks to ensure more households can benefit from rooftop solar
- prioritise the use of electric vehicles through a National Electric Vehicle Strategy
- support innovation in existing industries and the creation of new industries.
There will also be investment of up to A$3 billion from the National Reconstruction Fund to support renewables manufacturing and the deployment of low-emissions technologies.
The Australian Government is also providing:
- more than A$500 million towards developing clean hydrogen industrial hubs in regions across Australia and carbon capture, use and storage (CCUS) projects and hubs
- more than A$50 million in grants to accelerate priority gas infrastructure projects and support investment in carbon capture and storage infrastructure
- an extra A$84 million in funding for the Australian Renewable Energy Agency to support community microgrids.
Australia offers nearly A$70 billion in grants, incentives and funding pools to Australian-based companies across priority sectors.
Australia's leading role in clean energy and renewables
Capitalise on our IP protection, critical minerals deposits and investment in low emissions technologies such as hydrogen. Remanufacturing offers new opportunities with the increasing demand for sustainably produced goods.
Australia’s natural advantages also offer extensive development and investment opportunities including:
- microgrids and storage solutions
- future fuel technologies
- solar power
- wind power.
We’re investing in low emissions technologies and other projects right around Australia as part of our commitment to reducing emissions.
Our Emissions Reduction Fund provides incentives for a range of organisations and individuals to adopt new practices and technologies to reduce their emissions.
Committed to renewables
We want to lead the renewables revolution in the same way we spearheaded the development and commercialisation of solar hot water heating. Renewable electricity generation has more than doubled over the last 10 years and, in the land of endless sunshine, we achieved our 2020 renewable energy target of 33,000 gigawatt hours and deployed renewables. This is 8 times the global per capita average, and more than 4 times the OECD per capita average.
The ratio of power generated from renewable sources in Australia jumped from 21% to 25% in 2021
In 2021, renewable energy accounted for 29% of Australia's total electricity generation.
Australia is ranked 6th in the world on the Renewable Energy Country Attractiveness Index for renewable energy investment and deployment opportunities.
Australia reduced its emissions by 20% between 2005 and 2021
Government investment of at least A$22 billion has been committed to low emissions technologies in the decade to 2030.
Incentives, grants and support
- The Australian Renewable Energy Agency provides grants for research and development and early-stage commercialisation of renewable energy technologies and projects.
- The Clean Energy Finance Corporation supports energy efficiency, renewable energy and low emissions technology projects through loans and equity investments.
- Incentives for organisations and individuals to adopt new practices and technologies to reduce their emissions through the A$2.5 billion Emissions Reduction Fund.
- CSIRO’s research investment prioritises low-emission technologies to guide Australia’s energy transition.
- Financial incentives for renewable energy generation are also available under the Renewable Energy Target scheme, which is administered by the Clean Energy Regulator.
- The Australian Tax Office’s New Investment Engagement Service gives tailored guidance on tax issues to businesses planning significant new investments in Australia.
Australia's leading role in renewables
Are you a talented individual working in energy and renewables?
Get an idea of the kinds of skills and roles we’re looking for
We are looking for individuals who are energy sector innovators, focused on the future. We want people who are highly skilled in the development and extraction of energy and fuels, especially in hydrogen production and renewable energy technologies including solar and wind.
The following specialisations are intended to be used as a guide and are not an exhaustive list. The global talent profile provides examples of the calibre of individuals who may meet program requirements.
LAVO’s ambition is to store and ship our sunshine across our nation and the globe, empowering the world with limitless energy to build a sustainable future. Our open and adaptive culture fosters collaborative partnerships and nurtures innovation to take this vision into reality.