Renewables investments shifting from US to EU, says BloombergNEF

<p class="p1"><span class="s1">Utility-scale solar investment fell 19% globally, led by mainland China, Spain, Greece, and Brazil, while EU spending rose 63%, says BloombergNEF (BNEF).</span></p><p>Global renewable energy investment reached a record $386 billion in the first half of 2025, a 10% increase driven by offshore wind and small-scale PV, according to BNEF.</p>
<p>Financing for utility-scale solar and onshore wind fell 13% compared to the first half of 2024, marking its lowest share of total investment since 2006.</p>
<p>Utility-scale solar investment declined 19% year-over-year, led by mainland China, Spain, Greece, and Brazil, where curtailment and exposure to negative energy prices were high. Markets with government auctions or strong corporate energy demand were less affected.</p>
<p>Small-scale solar partly offset the drop in larger projects, as these installations can be implemented quickly and brought online before policy changes affect revenue or profitability.</p>
<p>In mainland China, investment in small-scale solar nearly doubled year-over-year, while utility-scale solar fell 28% ahead of a regulatory change exposing renewables to electricity price volatility. Despite this, Ember data shows China installed 256 GW from January to June 2025.</p>
<p>The United States recorded the largest decline, with committed spending down $20.5 billion, or 36%, from the second half of 2024. Developers accelerated construction late last year to secure tax credits, then slowed activity in early 2025 amid political uncertainty and rising tariff risks.</p>
<p>EU investment rose nearly $30 billion, or 63%, as companies shifted capital from the United States to Europe, BNEF said.</p>
<p>Emerging markets that grew strongly in 2024 generally maintained investment levels, except Southeast Asia (+7%) and Latin America, where smaller markets captured their largest share of regional investment to date.</p>