Northern Territory Cancels 50 Percent Renewable Target, Citing $5 Billion Cost

The government raised concerns with rising power prices and grid stability.

A sign opposing renewable energy developments on a local farm at Biloela in Queensland, Australia on Jan. 19, 2025. Brook Mitchell/Getty Images

The Northern Territory has scrapped the former Labor government’s renewable energy target citing the $5 billion price tag.

The current Country Liberal Party (CLP) government, led by Chief Minister Lia Finocchiaro, said a lack of infrastructure investment coupled with rising power prices and grid instability were reasons for cancelling the 2030 target.