Renewable Energy Investment Sharply Slides 13%
The Trump administration’s war on offshore wind will drive down investments in that sector and send a chill across the entire renewables sector. Some signs had already begun in the first half of the year.
In the first half of the year, entire investments in renewables. were $386 billion, up 10% from the year before, Bloomberg reports. “However, asset finance for utility-scale solar and onshore wind shrank by 13% compared to 1H 2024, reaching the lowest share of total investment since 2006.” Utility-scale solar photovoltaic investment fell 19% over the same period.
Offshore wind investments actually rose by the same measure, from $31 billion to $39 billion. That will change as has the political environment
Big US Falloff
Across all the world’s regions, the US experienced a 36% drop in new renewable energy investment, amounting to $20.5 billion, from the second half of last year to the first half of this year. The analysis attributed the decline to tariffs and a new regulatory environment.
The US is in trouble from an energy standpoint. The use of AI data centers, cryptocurrency, and air conditioning has driven up demand for renewables. There is no reason to think this need will be met.
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