A year after President Trump took office, clean energy is still growing in the U.S. In 2025, nearly all new power added to the grid came from solar, wind, and batteries. In September, for example, solar made up 98% of new capacity. And in 2026, the U.S. Energy Administration projects that all net new generating capacity will come from renewable energy and batteries.
That’s despite obvious policy challenges. On his first day in office, after declaring an “energy emergency,” Trump paused permitting for some wind projects and promised to boost fossil fuels. A few months later, the administration ordered an offshore wind project to stop construction; other stop-work orders followed.
In July, Trump signed the One Big Beautiful Bill Act, which phased out a longstanding tax credit for building clean energy projects. The EPA ended the Solar for All program, designed to bring solar power to low-income homes and reduce electric bills. After a memo from the Department of Interior that effectively paused permitting for wind and solar projects on public land, the DOI cancelled a massive solar project in Nevada that would have powered 2 million homes. The administration also pulled grants for R&D on new clean energy tech.
Some states and developers have fought back and won lawsuits, but the attacks keep coming. Revolution Wind, a large offshore wind farm that’s under construction off the coast of Rhode Island and nearly complete, was issued a stop-work order in August by the Trump administration; a preliminary injunction from a judge in September let the work continue, but a second stop-work order came again in December. This week, the developer got another preliminary injunction to continue construction.
Unsurprisingly, the policy uncertainty has hurt clean energy businesses. “We saw some smaller companies go under because financing became challenging,” says Sean Gallagher, senior vice president of policy at the Solar Energy Industries Association. Offshore wind developments are struggling to survive the administration’s repeated attacks.
By some estimates, as much as 117 gigawatts of solar and battery storage projects—enough to power nearly 100 million homes—are at risk of not coming online in the next couple of years because of new challenges in getting federal permits. But at the same time, many clean energy developers are fully booked with new projects.
The demand from data centers is “unabated,” says Jim Spencer, president and CEO of Exus Renewables North America. “As much as we can deliver, they’re buying it.” Last week, the company closed a $400 million credit facility to build out new solar and wind projects—$150 million more than it initially expected to get from banks.
Like other developers, Exus is rushing to begin new solar and wind projects before July, the deadline to still be able to qualify for the tax credit. Projects also need to be completed by 2030 to qualify. To grandfather in developments that are still in the planning stage, Exus and others are buying equipment like solar panels earmarked for specific projects.
Ending the credits is creating a temporary surge in new clean energy projects. “Particularly after the bill was enacted, you saw a lot of activity as people tried to accelerate projects to take advantage of the tax credits that were remaining,” says SEIA’s Spencer. An analysis from S&P Global suggests that the deadline could boost new solar capacity in 2030 by 35% compared to what would have happened otherwise. Still, “while a surge in the near term is likely, how long that tail lasts and to what degree is still highly uncertain,” says Mike O’Boyle, policy team director at Energy Innovation, a nonpartisan energy and climate think tank.
Developers are also looking for ways to cut costs and make projects economic without the tax credit. “In two years, we’re going to be living in a different environment,” Spencer says. “Okay. “And I think that there’s a lot of creative minds working on how to ensure that that growth continues.” It’s also theoretically possible that the political environment will shift in elections in 2026 and 2028 and that incentives could be put in place again.
Some large companies have slowed investment, but say that they still have a long-term commitment to renewable energy in the U.S. Engie, a France-based electric utility company that has invested between $2-4 billion in the U.S. in recent years, told Fast Company in a statement that its current investment strategy is more selective.
“We expect materially lower annual investment in response to continued permitting, trade and policy uncertainty which impact large long-term investment in wind, solar and battery projects,” the company said. But long term, it sees “strong opportunity” driven by the driven by rising electricity demand from data centers and AI.
That enormous demand is one more argument for the Trump administration to support renewable growth. “Energy prices are going up, despite rhetoric from the administration,” Spencer says. “And the rise in energy prices is directly tied to policies that the administration’s implementing. They have the ability to enable, rather than restrict, addition of new supply to the grid, which would reduce prices and improve customers’ lives.”
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