Australia Renewable Energy Policy Handbook, 2023 Update

Powered by

All the vital news, analysis, and commentary curated by our industry experts.


Australia possesses vast unused renewable energy potential. In order to tap this potential, the government has adopted various measures, such as the introduction of new policy instruments, efforts to attract investment, and making renewable energy an integral part of the energy policy.

Major Policies & Incentives Renewable Energy Target (RET) Scheme, Small-scale Renewable Energy Scheme, Large-scale Renewable Energy Target, State Level Policies and Incentives of South Australia, New South Wales (NSW), Victoria, Tasmania, Queensland, Australian Capital Territory, Western Australia, and Northern Territory

The Australia renewable energy policy handbook offers comprehensive information on major policies governing the renewable energy market in the country. The report also discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of the overall growth potential of the renewable energy industry. Moreover, the report provides major technology-specific policies and incentives provided in the country.

Australia Renewable Energy Market Dynamics

The Renewable Energy Target (RET) scheme, which was initiated in 2009, set a target to achieve annual generation of 33 TWh from renewable sources by 2020 (this target was achieved) and the provinces had their individual targets. The RET scheme is valid till 2030, the government aims to continue to secure 33TWh generation from renewable sources in its annual power generation.

The country’s Prime Minsiter has also stated that Australia will soon become a ‘renewables superpower’ and cater to the needs of South Asian countries. The government also has pledged to increase the share of renewable power generation in Australia’s main National Electricity Market to more than 80% by 2030. The prime minister has also promised renewable friendly policies including an AUD 20bn ($14bn) investment in the country’s transmission network. It is to be noted that these are the party’s pledges and not definitive targets.

Major Policies & Incentives in the Australia Renewable Energy Market

Some of the major policies & incentives in the Australia renewable energy market are the Renewable Energy Target (RET) Scheme, Small-scale Renewable Energy Scheme, Large-scale Renewable Energy Target, State Level Policies and Incentives of South Australia, New South Wales (NSW), Victoria, Tasmania, Queensland, Australian Capital Territory, Western Australia, and Northern Territory.

Renewable Energy Target (RET) Scheme: The RET scheme supersedes the previous Mandatory Renewable Energy Target (MRET) scheme, which was introduced in 2001. The MRET scheme obligated large wholesale buyers of power to support renewable energy generation. The liable parties were directly accountable for enhancing the amount of electricity produced from renewable energy sources and were required to submit RECs equivalent to their renewable power acquisitions.

Small-scale Renewable Energy Scheme: The SRES provides financial incentives for the installation of eligible small-scale installations such as solar water heaters, solar panel systems, heat pumps, small-scale hydro systems, and small-scale wind systems. In order to promote small-scale installations, the government has created the demand for STCs, which are awarded to small-scale installations based on the amount of power they generate or displace.

Large-scale Renewable Energy Target: LRET schemes are aimed at large-scale renewable energy projects such as wind farms and commercial solar and geothermal projects, which are expected to make the largest contributions to the achievement of the 2020 target.

To know more about renewable energy policies & incentives in Australia, download a free report sample


  • The report covers policy measures and incentives used by Australia to promote renewable energy.
  • The report details promotional measures in Australia both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the country.

Reasons to Buy

The report will enhance your decision-making capability in a more rapid and time-sensitive manner. It will allow you to:

  • Develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.
  • Identify opportunities and challenges in exploiting various renewable technologies.
  • Compare the level of support provided to different renewable energy technologies in the country.
  • Be ahead of the competition by keeping yourself abreast of all the latest policy changes.

Table of Contents

Table of Contents_x000D_

1. Renewable Energy Policy, Australia_x000D_

1.1 Renewable Energy Market, Overview_x000D_

1.2 Renewable Energy Targets_x000D_

1.3 Policy Snapshot_x000D_

1.4 Renewable Energy Policy Framework_x000D_

– Renewable Energy Target (RET) Scheme_x000D_

– Climate Change Target 2030_x000D_

– Long Term Emissions Reduction Plan_x000D_

– Offshore Clean Energy Infrastructure Regulatory Framework_x000D_

– Financial Incentives and Policy Support for Solar Power, Australia, Federal Incentives_x000D_

– Clean Energy Finance Corporation (CEFC)_x000D_

– Emissions Reduction Fund (ERF)_x000D_

– National Hydrogen Strategy_x000D_

– Australia-Germany Hydrogen Accord – Hygate program_x000D_

– Clean Hydrogen and Carbon Capture Fund_x000D_

– Microgrids_x000D_

– Australian Clean Hydrogen Trade Program (ACHTP)_x000D_

1.5 State Level Policies and Incentives-South Australia_x000D_

– South Australia_x000D_

– South Australia Renewable Energy Auctions_x000D_

– Renewable Energy Program_x000D_

– The Sustainability Incentives Scheme_x000D_

– South Australia Energy and Emissions Reduction Agreement_x000D_

– National Hydrogen Strategy – South Australia_x000D_

1.6 State Level Policies and Incentives-New South Wales (NSW)_x000D_

– Electricity Infrastructure Roadmap._x000D_

– Assessing large-scale solar projects in NSW_x000D_

– Feed-in Tariffs_x000D_

– Funds for Renewable Energy in Regional Communities_x000D_

– Solar Homes Policy_x000D_

– Solar for Low Income Household_x000D_

– Empowering Homes: Solar Battery Loan Program_x000D_

– NSW Energy and Emissions Reduction Agreement_x000D_

– National Hydrogen Strategy – New South Wales_x000D_

– Small-scale Technology Certificates_x000D_

1.7 State Level Policies and Incentives-Victoria_x000D_

– Renewable Energy Action Plan_x000D_

– Victoria’s Climate Change Strategy_x000D_

– Feed-in Tariffs_x000D_

– Agriculture Energy Investment Plan (AEIP)_x000D_

– New Renewable Energy Target for Victoria (VRET)_x000D_

– The Victorian Renewable Energy Auction Scheme (VREAS)_x000D_

– Renewable Hydrogen Commercialization Pathways Fund_x000D_

– Victorian Big Battery (VBB)_x000D_

– National Hydrogen Strategy – Victoria_x000D_

1.8 State Level Policies and Incentives-Tasmania_x000D_

– Feed-in Tariffs_x000D_

– Renewable Energy Action Plan_x000D_

– Renewable Energy Target_x000D_

– Tasmania Energy and Emissions Reduction Agreement_x000D_

– National Hydrogen Strategy – Tasmania_x000D_

– Tasmanian Renewable Hydrogen Action Plan_x000D_

1.9 State Level Policies and Incentives-Queensland_x000D_

– Feed-in Tariffs_x000D_

– Queensland Renewable Energy Auctions_x000D_

– Queensland interest-free solar loans_x000D_

– Solar 150 initiative_x000D_

– CleanCo_x000D_

– National Hydrogen Strategy – Queensland_x000D_

1.10 State Level Policies and Incentives-Australian Capital Territory_x000D_

– ACT Renewable Energy Auctions_x000D_

– Home Battery Storage Program_x000D_

– Rooftop Solar Scheme_x000D_

– Sustainable Household Scheme_x000D_

– National Hydrogen Strategy – Australian Capital Territory_x000D_

1.11 State Level Policies and Incentives-Western Australia_x000D_

– Climate Policy_x000D_

– Energy Transformation Strategy_x000D_

– Distributed Energy Buyback Scheme (DEBS)_x000D_

– National Hydrogen Strategy – Western Australia_x000D_

1.12 State Level Policies and Incentives-Northern Territory_x000D_

– Roadmap to achieve Renewable Energy Target_x000D_

– Incentives for Renewable Energy_x000D_

– Solar Energy Transformation Program (SETuP)_x000D_

– National Hydrogen Strategy – Northern Territory_x000D_

2. Appendix_x000D_

2.1 Abbreviations_x000D_

2.2 Market Definitions_x000D_

– Power_x000D_

– Renewable Power_x000D_

– Installed Capacity_x000D_

– Electricity Generation_x000D_

– Electricity Consumption_x000D_

2.3 Methodology_x000D_

– Coverage_x000D_

– Secondary Research_x000D_

– Primary Research_x000D_

– Modelling and Forecasting_x000D_

Contact Us

Frequently asked questions

Australia Renewable Energy Policy Handbook, 2023 Update thematic reports
Currency USD

Can be used by individual purchaser only


Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Undecided about purchasing this report?

Enquire Before Buying

Get in touch to find out about multi-purchase discounts
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Australia Renewable Energy Policy Handbook, 2023 Update in real time.

  • Access a live Australia Renewable Energy Policy Handbook, 2023 Update dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.