Global renewable investment hit a record $386B in the first half of 2025. But while the world pours capital into clean energy, US dollars are drying up. (BloombergNEF)
Small-scale solar and offshore wind drove growth, while utility-scale solar and onshore wind fell 13%—their lowest share of total investment since 2006.
US pullback: Investment in American renewables dropped 36% from the second half of 2024—the steepest fall of any major market. Developers rushed to lock in tax credits before last year’s election, then hit pause as Trump-era policy shifts, new tariffs, and uncertainty piled up.
Capital shift: Europe saw a $30B surge (+63%), with developers re-routing funds from the US. Mainland China still dominates, pulling in 44% of global new investment.
