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Clean Energy
CIO Bulletin
04 June, 2025
Energy projects in the US valued at $14 billion that highlight 10,000 jobs have stalled due to policy uncertainty over tax credits.
Clean energy investments worth more than $14 billion and around 10,000 jobs planned in the US were either canceled or delayed during the first five months of 2025, as reported by Environment Entrepreneurs (E2). E2’s own Clean Economy Tracker shows that pending changes to federal clean energy tax credits are causing considerable concern as the House works on the “One Big Beautiful Bill Act.”
Clean energy construction plans worth over $4.5 billion for electric vehicles, batteries and wind, were all but cancelled in April. The proposed rules could take away the main tax incentives that have helped this sector develop.
E2 warned that since August 2022, 45 clean energy projects have either been cancelled, made smaller or closed down, destroying about 20,000 jobs and $16.7 billion in planned investment. The funding primarily shifted to Republican regions, resulting in the suspension of $12 billion worth of projects.
Despite the challenges, E2 reports that certain domains have seen progress. Clean energy projects received $486 million in April. Those investments included $400 million for Corning's solar wafer factory in Michigan and $9.3 million for a solar equipment factory in North Carolina by a Canadian company.
The sector, on the other hand, is still unsure about the future because the Senate is still debating tax reform.