Oceania Energy Transition: Sectors and Companies Driving Development, 2025

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Oceania holds vast untapped renewable energy potential, and momentum is accelerating as governments adopt more targeted policies and investment frameworks to advance decarbonization. However, Australia, the largest country in the region, is still recording high per capita emissions, with 14.5tCO2e per person in 2023, and has not committed to a coal phase-out timeline. This statistic leads to doubts over the deliverability of the region's decarbonization journey and overall energy transition.
Oceania has been heavily investing in solar PV, with the technology’s capacity set to account for 63% of the region’s capacity mix in 2035. Overall, renewable power generation is set to account for 84% in 2035 – a significant growth since 60% in 2025. However, Australia is still expected to increase its coal capacity by almost 1GW between 2025 and 2031, and the region’s gas capacity is also set to increase, reaching 22GW in 2035. Despite these challenges, Oceania as a whole is forecasted to reach over 50% of renewable power generation in 2027, placing it ahead of the global average.
Energy storage is emerging as a critical enabler for renewable integration, with Australia expanding and diversifying large-scale battery projects. EV uptake in Oceania is gaining momentum, driven by policies such as Australia’s New Vehicle Efficiency Standard and New Zealand’s Clean Car Standard, as well as and planned expansion of the national charging networks. CCUS capacity in Oceania is still in early development, as most of the projects are still in the pipeline, with only three projects currently active within the whole region. Australia is positioning itself as a key low-carbon hydrogen exporter. However, over 50 projects have been cancelled or stalled, so the deliverability of the region’s export targets carries uncertainty.

Scope

Oceanian CO2 emissions, renewable energy potential, leaders in renewable energy, renewable energy policies, power consumption and demand, renewable power capacity and generation, decommissioning of thermal power, energy storage capacity, electric vehicle and hybrid vehicle sales, upcoming renewable refineries, biodiesel, ethanol, RD, SAFs, CCUS outlook, upcoming CCS projects, hydrogen policies, upcoming hydrogen capacity by stage, type and end use.

Key Highlights

Oceania holds vast untapped renewable energy potential, and momentum is accelerating as governments adopt more targeted policies and investment frameworks to advance decarbonization.

Overall, renewable power generation is set to account for 84% in 2035 – a significant growth since 60% in 2025.

However, Australia, the largest country in the region, is still recording high per capita emissions, with 14.5tCO2e per person in 2023, and has not committed to a coal phase-out timeline.

Reasons to Buy

Assess the current regional emissions, thermal and renewable capacity, and generation share, and identify which countries are driving the energy transition in Oceania.

Identify market trends within the industry, including expected 2030 capacities for a range of technologies.

Identify who the leading countries and regional players are in renewable energy capacity and energy transition technologies such as hydrogen and CCUS.

Understand the legislative framework laid out by the region’s governments aimed at accelerating the region's decarbonization and energy transition.

Tesla Inc
BYD Auto Co
MG Car Company Limited
PCL Construction Inc
Grupo Gransolar SL
Bouygues SA
Actividades de Construccion y Servicios SA
RCR Tomlinson Ltd
Victoria Power Networks Pty Ltd
Shapoorji Pallonji & Co Pvt Ltd
Canadian Solar Inc
JinkoSolar Holding Co Ltd
First Solar Inc
JA Solar Technology Co Ltd
Chint Group Co Ltd
LONGi Green Energy Technology Co Ltd
Trina Solar Co Ltd
First Solar (Australia) Pty Ltd
Vestas Wind Systems AS
General Electric Co
Goldwind Science Technology Co Ltd
Civil & Allied Technology Construction Pty Ltd
Siemens Energy AG
Zenviron Pty Ltd
Suzlon Energy Ltd
Senvion SA
Enercon GmbH
SACL Pte Ltd
Ampol Ltd
ENEOS Corp
Southern Oil Refineries (SOR)
AgBioEn
HAMR Energy Pty Ltd
Wagner Fuel Holding Pty Ltd
Idemitsu Kosan Co Ltd
Jet Zero Australia Pty Ltd
LanzaJet Inc
Renewable Developments Australia Pty Ltd
CWP Global
Intercontinental Energy Corp
Climate Impact Corp
Korea Zinc Co Ltd
Aqua Aerem Pty Ltd
Hydrogen Utility Pty Ltd
Oakajee Energy Pty Ltd
Copenhagen Infrastructure Partners
H2U Group
BP Plc
Korea Electric Power Corp
Progressive Energy Ltd
Samsung C&T Corp
Chubu Electric Power Co Inc
CPC Corp
Inpex Corp
Osaka Gas Co Ltd
The Kansai Electric Power Co Inc
Toho Gas Co Ltd
Tokyo Electric Power Co Holdings Inc
TotalEnergies SE
Pilot Energy Ltd
Sojitz Corp
South32 Ltd
Beach Energy Ltd
Mitsui & Co Ltd
Woodside Energy Group Ltd
Azuli International Ltd
Electric Power Development Co Ltd
Transborders Energy Pty Ltd
Victorian Dept of Mines
Triangle Energy (Global) Ltd

Table of Contents

Executive Summary

Oceania CO2 emissions

Sector grid and leaders

Power Outlook & Generation

Power capacity share outlook

Power generation share outlook

Oceanian countries’ renewable generation share

Thermal power: upcoming and decommissioning capacity

Major players in renewable power

Oceania climate targets and policies

Renewable power investment and financial support in Oceania

Energy Storage

Energy storage outlook in Oceania

Electric Vehicles

Key policies concerning EVs and charging infrastructure

Growth in BEV sales and charging infrastructure

Renewable Fuels

Renewable refineries

RD and SAF outlook

Oceania’s largest upcoming renewable refineries

CCUS

CCUS policies and funding

Oceania CCUS outlook

Largest upcoming carbon capture and storage projects in Oceania

Hydrogen

Key low-carbon hydrogen policies and funding in Oceania

Low-carbon hydrogen capacity by development stage

Target end-use industries for low-carbon hydrogen

Oceania’s largest upcoming hydrogen projects

Table

Sector grid and leaders

Top solar EPC providers

Top solar equipment manufacturers

Top wind EPC providers

Top wind equipment manufacturers

Key policies concerning EVs and charging infrastructure

Oceania’s largest upcoming renewable refineries

Largest upcoming carbon capture and storage projects in Oceania

Oceania’s largest upcoming hydrogen projects

Figures

CO2 emissions by top contributors, 2000-2022

Top Emitting Countries in Oceania, 2000-2022

Oceania power capacity share, 2015-2035

Oceania total power capacity share by technology type, 2025

Oceania total power capacity share by technology type, 2035

Oceania power generation share, 2015-2035

Renewable energy generation, 2015-2035

Renewable generation share across key players in Oceania and globally, 2025-2035

Upcoming and decommissioning thermal capacity, 2025-2035

Oceania emissions by thermal power, 2012-2022

Major regional players in solar PV capacity based on active and announced projects

Major regional players in wind capacity based on active and announced projects

New investment in solar PV in Australia and New Zealand, 2025-2030

Global vs Australian energy storage capacity, 2020-2030

Australian energy storage capacity by technology, 2020-2030

Australian LV vs BEV sales forecast, 2020-2035

Total EV charge points and number of sites with EV charging facilities in Australia, 2018-2028

Active and upcoming renewable refineries in Oceania by map view

Total capex on renewable refinery types in Oceania, 2025-2030

Upcoming RD capacity and project count in Oceania, 2025-2030

Upcoming SAF capacity and project count in Oceania, 2025-2030

CCUS capacity in Oceania by development stage, 2020-2030

Facility industries for CCUS projects in Oceania

Active and pipeline low-carbon hydrogen capacity in Oceania by development stage, 2020-2030

Target end-use industries for low-carbon hydrogen in Oceania

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