The Australian Government wants us to become a renewable energy superpower. This vision will enable Australia to become a global climate leader. We welcome overseas investors to help make this happen. Our fundamental strengths include:
- Abundant solar resources: Australia’s solar radiation is about 10,000 times larger than our total energy use (Source: Geoscience Australia, Solar Energy 2023).
- World-class wind resources — including onshore and offshore: Our unrivalled offshore wind potential is estimated at 5 TW (Source: Climate Council, Australia and Offshore Wind).
- A large pool of energy sector workers who are transferring their skills to renewables: Australia is committed to growing a strong pipeline of workers. This is achieved through the National Energy Workforce Strategy and New Energy Apprenticeships Program.
- Proximity to Asian markets: Australia has established trading routes to supply renewable energy to customers in the Asia-Pacific region.
- Extensive mineral reserves: Australia is one of the world’s largest producers of lithium. We have abundant reserves of nickel, zinc and other minerals that are used in renewable generation and storage technologies.
Above all, Australia has a strong track-record of innovation. Australians invented the solar cell used in more than 90 per cent of the world’s solar panels.
