"U.S. spending fell by $20.5 billion, or 36%, from the second half of 2024 in what the firm calls a response to the U.S. presidential election. "There was a rush to construct toward the end of last year as developers sought to lock in access to tax credits, and then a sharp drop in the first half of this year due to worsening policy conditions, particularly for wind, and growing tariff uncertainty," the report states."
"The big picture: Worldwide investment was $386 billion in the first half of 2025, a tally that's largely wind and solar, but also includes biofuels, geothermal and more. The solar picture is split, with spending on small-scale projects up "reflecting cheap modules and the ease of siting" these assets. But financing for big, or utility-scale, projects fell sharply "amid concerns over revenue-risk.""
"What we're watching: How recent events sway U.S. investment trends. The Interior Department has unveiled fresh constraints on wind and solar projects, while the Commerce Department could impose new tariffs on wind blades and components. And just last week, Interior demanded that Ørsted halt construction on a big, nearly complete wind project off Rhode Island."
U.S. clean-energy investment declined sharply in the first half of 2025, falling $20.5 billion (36%) from the second half of 2024 and marking the steepest national drop. Developers accelerated construction late in 2024 to secure tax credits, then pulled back amid deteriorating policy conditions, particularly for wind, and rising tariff uncertainty. Europe saw a notable investment increase as capital appears to be reallocating. Global investment totaled $386 billion, dominated by wind and solar. Small-scale solar spending rose due to cheap modules and easier siting, while utility-scale financing fell amid revenue-risk concerns and rising curtailment in several markets.
Read at Axios
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