Trouncing of 'Australia's Trump' spells relief for renewables

Election outcome follows months of negative campaigning by opposition

Australia's Prime Minister Anthony Albanese gestures as he speaks after winning the general election at the Labor Party election night event in Sydney on May 3, 2025.
Australia's Prime Minister Anthony Albanese gestures as he speaks after winning the general election at the Labor Party election night event in Sydney on May 3, 2025.Photo: SAEED KHAN/Getty

A decisive election victory for Australia’s pro-renewables Labor Party gave green power – and offshore wind in particular – reason to cheer in a key global growth market.

Incumbent Prime Minister Anthony Albanese scored a convincing win in an Australian federal election in which renewables found itself used as a key ‘culture wars’ issue by opposition Liberal-National coalition leader Peter Dutton.

By the end of Sunday Labor was comfortably ahead of the 76 seats it needed to retain a majority and it was clear it was heading for a landslide.

Dutton’s Donald Trump-like tirades against offshore wind unsettled investors considering giant projects under Australia’s fledgling licensing programme.

Dutton threatened to scrap entire offshore wind zones and instead planned to build a fleet of nuclear power plants to meet Australia’s energy needs – a plan former Australian Prime Minister Malcolm Turnbull told Recharge was akin to Soviet-style state planning that “made no economic sense”.

Albanese’s trouncing of Dutton prompted calls for Australia to go harder and faster into green power after what the country’s Clean Energy Council labelled a “referendum on renewables”.

“It’s now time to leave the politics behind and get on with the job of rolling out renewable energy to deliver affordable and reliable power for all Australians,” said CEO Kane Thornton.

“We look forward to working with the Albanese Government and the next Australian Parliament to ensure strong, stable and effective policy for the transition to clean energy” he said.

Australia’s Climate Council said: Australians from our cities and regions want to keep building more wind, solar and storage – and made this clear at the ballot box. A steep swing towards Labor, delivering what is expected to be their largest majority since World War 2, represents a resounding endorsement of Australia’s current plan for renewable power.”

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Published 5 May 2025, 08:43Updated 6 May 2025, 10:19
OffshoreAustraliaAsia-Pacific