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The Large-scale Renewable Energy Target creates a financial incentive for the installation of
renewable energy power stations. The target is designed to reduce emissions in the electricity sector and encourage additional generation from sustainable and renewable sources.
Investment in the renewables industry is dependent on the long-term economics of specific projects and is influenced by a range of market factors. Investors make informed decisions by analysing the available market data.
We are providing market information to:
Updated data will be published every month.
This data is current as at 28 February 2023.
In January 2021 the Renewable Energy Target of 33,000 gigawatt hours of additional renewable energy was met on a 12-month rolling basis.
In September 2019
we announced enough capacity had been approved to guarantee that the Large-scale Renewable Energy Target of 33,000 gigawatt hours of additional renewable energy will be met in 2020.
In 2016, we estimated that for the 2020 target to be reached the total new capacity of renewable energy power projects required to be committed through to the end of 2018 was 6,000 megawatts (MW). Due to a higher proportion of solar projects in the pipeline than expected we estimated that 6,400 MW would now be required to reach the target.
The infographic below tracks project developments since 1 January 2016, indicating the 6,400 MW required capacity has been met and exceeded. Investment in renewables remains strong and the 2020 target has not acted as a cap on new investment.
Every month we publish Large-scale Renewable Energy Target supply data files to track investment in renewable energy.
View the detailed
Large-scale Renewable Energy Target supply data.
Demand data provides information about statutory demand for large-scale generation certificates.
View the detailed
Large-scale Renewable Energy Target demand data.
Clean Energy Regulator Act 2011 permits us to publish information that is already available to the public in an accessible form. This includes data from the REC Registry and information from other publicly available sources.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.