The Albanese government in Australia has set a goal to increase clean energy to 82% of the electricity grid by 2030.

Government's Capacity Investment Scheme plans to support 23 gigawatts of renewable energy and 9 gigawatts of storage assets.

New modelling indicates a need for 32 gigawatts of new generation to achieve the 2030 target, revealing a 9-gigawatt shortfall.

The government expects state governments or private investment to contribute to overcoming the 9-gigawatt generation gap.

Achieving the 2030 renewable energy target is contingent on additional investment from both state governments and the private sector.

The energy transition in Australia is being accelerated by the phasing out of coal-fired power stations and the surge in renewable energy adoption.