BloombergNEF says Australia will attract AUD 5.1 billion ($3.5 billion) in utility-scale solar and wind investment in 2026, with wind expected to account for about 95% of the total.
BloombergNEF (BNEF) projects a slight year-on-year dip in global solar additions in 2026 as China’s growth eases, even as installations elsewhere continue to rise.
Battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% drop from 2024, making it the cheapest lithium-ion category for the first time, according to BloombergNEF (BNEF).
Investment in new large-scale solar and wind in Australia fell by 64% year on year in the first half of 2025 as grid bottlenecks, slow planning approvals, higher costs, and social licensing issues took a heavy toll.
BloombergNEF says in a new report that global clean energy investment reached $2.1 trillion in 2024, more than doubling 2020 levels. The United States led energy transition debt issuance, driving up investment 5% year on year to $206 billion.
With expanding market opportunities and declining costs, stationary battery energy storage installations are surging. Battery makers are awake to the opportunity, says BloombergNEF, as stationary batteries account for an increasing amount of deployed capacity.
Battery prices continue to tumble on the back of lower metal costs and increased scale, squeezing margins for manufacturers. Further price declines are expected over the next decade.
Australia can still reach its net-zero energy goal by 2050, according to BloombergNEF (BNEF), but there is no time to waste, with a need for significant investments in solar, wind, and energy storage to stay on track.
BloombergNEF says clean ammonia supplies could expand by 30 times to 32 million tons by 2030, while MAX Power Mining has roughly tripled the size of its Rider Natural Hydrogen Project in western Canada.
For those who combine solar, batteries, and electric vehicles (EVs) at home, driving on sunshine is a realistic goal. However, there are many factors to consider when analyzing the economic payoffs, as well as the technical possibilities and limitations of such systems.
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