New renewable energy investment in the United States plunged by 36 percent in the first half of this year, according to new analysis released Tuesday.
Committed spending on renewable energy in the U.S. fell by $20.5 billion from the second half of 2024, according to the latest investment data tracked by BloombergNEF.
The research firm attributed the decline to the industry’s response to the 2024 elections and the rush from developers to begin construction toward the end of last year in order to lock in access to key clean energy tax credits.
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That activity slowed in the first half of this year, BNEF said, due to “deteriorating” policy conditions — particularly for wind — and growing tariff uncertainty.
