Australia’s energy transition slows down

Australia’s energy transition is increasingly stalling. In the first half of 2023, investments in new power plants in the renewable energies sector decreased massively. In Q2, investors pledged a mere 225 million Australian dollars for four new projects with a capacity of 350 megawatts. According to new figures from the Australian Clean Energy Council, an industry advocacy group, this is more than a billion below the average for the past four quarters.