Australia invests $4.29bn in renewable energy in December quarter, 10 times the previous three months

Despite the year-end spurt the pace remains inadequate to meet targets, Clean Energy Council says

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Investment in large-scale renewable energy and storage accelerated in the final three months of 2022, creating the largest quarterly investments for more than four years, but the pace remains inadequate, the Clean Energy Council says.

Developers made financial commitments to renewables and storage totalling $4.29bn in the December quarter, a 10-fold increase on the previous three months.

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