AUSTRALIA could switch completely to renewable energy within a decade by building a dozen vast, new solar power stations and about 6500 wind turbines, according to a major new study.

The Zero Carbon Australia Stationary Energy Plan - a collaboration between Melbourne University's Energy Research Institute, the environment group Beyond Zero Emissions and engineers Sinclair Knight Merz, puts the cost at $37 billion in private funding and public investment every year for the next decade.

The price tag may make it sound like a pipedream but the scheme earned the endorsement of the federal Liberal MP Malcolm Turnbull who added his support at a forum at Sydney Town Hall last night.

''The work they have done is important,'' Mr Turnbull said. ''It provides the most comprehensive technical blueprint yet for what our engineers, our scientists, can begin to do tomorrow.''