Switched On

Global Investment in Clean Energy Outpaces US Slump

10 snips
Sep 18, 2025
In this engaging discussion, Meredith Annex, Head of Clean Power at BloombergNEF, reveals that global investment in clean energy hit a record $386 billion in the first half of 2025. Despite a downturn in U.S. investments, particularly in utility-scale projects, small-scale solar is thriving. Meredith also highlights emerging markets like geothermal and wind, and analyzes how geopolitical factors are reshaping capital flows. Tune in for insights on the fragmented investment landscape and the resilience of solar amidst challenges.
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INSIGHT

Record Global Investment Hides Nuance

  • Global renewable investment reached a record $386 billion in 1H 2025, up 10% year‑on‑year.
  • The headline growth masks important shifts by technology and region.
INSIGHT

Where Growth Came From

  • Utility-scale solar and onshore wind asset finance fell by about 13% in 1H 2025.
  • Growth instead came from offshore wind and small‑scale (distributed) solar projects.
ANECDOTE

Offshore Wind’s Lumpy Timing

  • U.S. offshore wind had no new investment in this reporting period while other regions financed large projects.
  • Offshore is lumpy; a few ready projects can drive year‑to‑year swings in investment totals.
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