Over the past 15 years, Australia’s renewable energy market has continued to attract massive interest from Developers, Contractors, manufacturers, governments and local and international investors. This reflects global energy trends driven by factors such as a push for diversification of energy sources and asset classes, government incentives for clean energy technology developments and, importantly, the decreasing cost of electricity from renewable energy sources. The renewable energy industry in Australia is well-established and mature for some technologies (eg wind, rooftop solar PV), developing in others (eg utility scale solar PV, solar thermal/CSP and hybrid solar) and at commercialisation stage in others (eg geothermal, wave). At this time of increasing market interest and development, it is relevant to consider key issues and market trends in the construction, operation and regulatory aspects of projects, and critical bankability considerations relating to each of these issues. While this paper focuses on issues that are of most interest to project Sponsors and Lenders, many of these considerations are equally relevant to Contractors. This paper considers these issues in the context of utility scale solar and wind projects in Australia.