For the first time, more than half of the nation’s electricity is now coming from renewable sources - a milestone that signals just how far the country has come in a short space of time.
It’s a sign of a broader shift in how Australians think about energy, the environment and the future.
Behind this transformation is a wave of investment and innovation.
Westpac is Australia’s largest lender to greenfield renewable energy projects, partnering with project developers like METLEN, to invest nearly $2 billion in renewable wind, solar, hydro and battery projects this year alone - 89.2% of Westpac’s electricity sector lending is to renewables.
Westpac’s Chief Sustainability Officer, Fiona Wild, is particularly proud of this fact, saying, “In 2025 alone, we supported enough wind and solar projects to power 2 million homes and we increased our lending to battery storage projects by 72%.”
Battery storage is also coming into its own, with Westpac supporting 7.6 gigawatt-hours of new projects in FY25 - a 72% jump year-on-year.
These batteries are crucial for making sure renewable energy is available when and where it’s needed, helping to smooth out the peaks and troughs of supply and demand.
As the grid evolves, solar now delivers 20% of Australia’s power, and projects like Munna Creek Solar Farm (featured in the above video) - part of METLEN’s renewable energy portfolio in Australia and set to power 41,000 homes in Queensland - are “bringing together utility scale renewables, corporates and financial innovation to help Australia meet its climate goals” says Wild.
Australia’s renewable energy transformation is still unfolding and there’s a long road ahead, but the pace is only accelerating.
Marina Gainulina is a Content Producer for Westpac Wire, with ten years of experience in marketing communications. She holds a Bachelor of Communications & Media (Journalism) degree and a drive to connect with discerning audiences via authentic storytelling across mediums. She has managed editorial and brand comms for the likes of Tiffany & Co., Hugo Boss, NIVEA and GRAZIA.
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