Australian renewables: Opportunities in 2023 and beyond

Report 18 July

Australian renewables: Opportunities in 2023 and beyond

Confidence in the Australian renewables space has never been stronger – and global investors are sending strong and clear signals that Australia will be a key market in their clean energy strategies.

As the global movement to go green picks up pace, international investors are setting their sights on Australia for its seemingly boundless renewable energy opportunities. In our latest survey of renewables investors, nearly three-quarters (74%) say they will increase investments in Australia through 2023 – a sharp uptick from 65% in 2021 and outpacing the 68% in 2019.

These opinions track well with activity in the market over the past two years. Following a drop in investment in renewable energy infrastructure projects from 2018 through 2020, transaction volume and values began a steep and prominent rebound, reaching record heights in 2022.

This report explores recent trends in Australian renewables while providing a view of the opportunities and challenges facing investors in 2023 and beyond.

Highlights include:

  • Positive returns: 65% of respondents say their recent renewable energy investment in Australia yielded the intended value or met business objectives
  • Low risk: 55% say Australia has a lower risk profile for renewables investments than other markets
  • Favourable policies: 85% say federal and state policies will be supportive toward the renewables sector in the next 12-24 months.

In association with Minter Ellison

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