Businesses have cancelled or delayed more than $14 billion of investments in U.S. clean energy projects so far this year, reflecting their uncertainty and pessimism over federal support amid President Donald Trump’s climate policy retreat, industry analysts reported Thursday.
The sector still is showing resilience—at least $4.2 billion in new renewable energy, grid, electric vehicle and battery projects were announced over the same time period, from January through April, according to the tracking report by the nonprofit group Environmental Entrepreneurs, or E2, and its research partner, Atlas Public Policy.
Some 10,000 jobs are expected to be created by these newly announced projects—including an electric truck assembly plant that the Jeff Bezos-backed startup Slate Auto said it would site in Warsaw, Indiana. That’s equal to the estimated number of job losses from all the clean energy projects that have been abandoned so far this year. Nevertheless, it’s a sharp reversal of trends E2 tracked in the sector over the previous three years, when $127.7 billion in new clean energy project announcements outpaced cancellations at a rate of nearly 50-to-1.
Officials at E2, a nonpartisan group of clean energy business leaders and investors, said it was an ominous sign as the Senate prepares to take up Trump’s “One Big, Beautiful Bill,” the House-passed tax and spending cut package that would eliminate most of the clean energy tax credits Congress passed in the 2022 Inflation Reduction Act.
“If the tax plan passed by the House last week becomes law, expect to see construction and investments stopping in states across the country as more projects and jobs are cancelled,” said Michael Timberlake, communications director for E2. “Businesses are now counting on Congress to come to its senses and stop this costly attack on an industry that is essential to meeting America’s growing energy demand and that’s driving unprecedented economic growth in every part of the country.”
The White House did not immediately respond to questions about the report.
The biggest of the cancellations that E2 tracked came in April. The United Auto Workers announced that Stellantis would not go forward with a $3.2 billion battery plant it planned to add to a giant shuttered assembly facility it is reopening in Belvidere, Illinois. And global energy giant RWE announced it was shuttering its U.S. offshore wind operations “for the time being” due to “the political environment” in the United States. RWE had invested $1.1 billion to develop wind projects offshore of New York, Louisiana and California.
While E2 tracks public announcements of new projects and cancellations, other efforts at tracking what’s happening in the clean energy sector provide a more detailed picture—and in some senses, a more optimistic one.
The Clean Investment Monitor, a project of the Massachusetts Institute of Technology and the…
Read More: Clean Energy Project Cancellations Top $14 Billion So Far in 2025
