Large-scale renewable energy investment in Australia falls to lowest level since 2017

Clean Energy Council says $600m was invested in large-scale renewable projects in the second quarter, a drop of almost half from the first quarter

Investment in large-scale renewable energy projects in Australia has slumped to its lowest level since 2017 due to uncertainty over federal policy and delays in grid connection, according to an industry body.

The Clean Energy Council said $600m was invested in large-scale renewable projects in the second quarter this year, a drop of almost half from the previous quarter. Only three major projects reached financial close in the quarter and it had now been a year since a large-scale energy storage project had been commissioned.

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