Australia faces a risk of capital diversion from renewable energy to artificial intelligence data centres. The proposed data centre investment pipeline is valued at approximately AUD 150 billion, competing directly with wind, solar and battery projects for investor capital. The Australian Energy Market Operator projects data centre demand could rise from 2-5% to 10-13% of the National Electricity Market by the mid-2030s. Only around 6% of approved renewable projects currently have long-term power purchase agreements. Prime Minister Anthony Albanese announced in July 2026 a legal obligation for large data centres to support new renewable generation, with legislation expected in 2027.
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