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Even Under Trump, U.S. Renewable Investment Hit a Record in 2019

  • Global spending in green energy up 1% to $282 billion
  • Surge in offshore wind projects added $30 billion for the year
The Silicon Ranch Corp. And Dominion Energy Inc. Solar Farms As Oil Giants Invest In Renewables
Photographer: Daniel Acker/Bloomberg
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The U.S. renewable energy industry doesn’t seem to take much notice of President Donald Trump’s views on green energy and climate change as investments surged to a record last year.

New investments were buoyed by wind and solar companies rushing to qualify for federal tax credits being scaled back this year. A total of $55.5 billion were spent in the sector last year, an increase of 28%, second only to China and beating Europe, according to research by BloombergNEF.