Contents

• Progress towards the 2020 Renewable Energy Target
• Supply data
  
• Demand data

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:

• increase transparency
• track progress towards achieving the 2020 Renewable Energy Target
• provide information about the supply and demand factors that influence the Renewable Energy Target
• drive investments in renewable energy generation technologies
  
• assist liable entities to comply with the scheme.

Updated data will be published every month.

This data is current as at 28 February 2023.

Progress towards the 2020 Renewable Energy Target

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.

 

 

Supply data

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

Demand data provides information about statutory demand for large-scale generation certificates.

View the detailed Large-scale Renewable Energy Target demand data.

The 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.