Good news, but this is the kicker. "The bottom line is that Australia needs to build six gigawatts of new wind and solar capacity a year, and more storage, to meet its 82 per cent renewables target by 2030, and the CEC data – whichever you cut it – shows it is still trailing well behind."

Wind and solar projects show signs of rebound, as battery storage charges on with record quarter

Financing for new wind and solar projects rebounds in first quarter, but remains well below level needed to meet renewable targets. Battery storage, meanwhile, charges on.