Australia Endorses 16 Clean Energy Projects Worth $22.1 Billion Through New Authority
Updated
Updated · OilPrice.com · Jul 26
Australia Endorses 16 Clean Energy Projects Worth $22.1 Billion Through New Authority
2 articles · Updated · OilPrice.com · Jul 26
Summary
$22.1 billion of projects in New South Wales won backing in March through Australia’s new Investment Delivery Authority, with 16 developments cleared under a streamlined assessment process.
The endorsed pipeline is meant to speed the shift from ageing coal plants to a broader power mix, spanning pumped hydro, batteries, wind, solar PV and some gas infrastructure for energy security.
Coal still supplied 49.6% of Australia’s electricity in 2025, but renewables rose to 42.7% from 38.9% a year earlier as old coal-fired stations continued to retire.
New additions underline that momentum: renewable capacity grew by 5.9 GW in 2025, utility solar added 3.3 GW, and approved wind projects totaled 1.4 GW.
Battery storage is expanding even faster, with home battery sales up 260% and large-scale capacity up 233% from 2024 to 2025, helped by supportive policy and cheaper Chinese imports.