Report: $8 billion in renewable energy investment canceled in Q1
April 17, 2025
But the rate of cancellations increased dramatically in the past two months. In February and March alone, 13 projects and more than $5 billion in connected investments were cancelled or downsized — including Bosch’s cancellation of a $200 million hydrogen fuel cell factory in South Carolina and Freyr Battery’s cancellation of a $2.5 billion battery factory in Georgia.
Republican congressional districts, which have benefitted the most from the Biden-era clean energy tax credits, also are seeing the most cancellations. More than $6 billion and over 10,000 jobs have been cancelled in Republican districts so far.
Through March, over 62% of all clean energy projects announced — along with 71% of all jobs and 83% of all investments — are in congressional districts represented by Republicans.
A full map and list of announcements is available at e2.org/announcements/. Cancellation data will be incorporated in the coming weeks.
Detailed below is a list of March clean energy announcements tracked by E2 along with totals by state, sector, congressional district, and industry type for projects announced, cancelled, downsized, and closed since E2 began tracking in August 2022.
Clean Economy Works March 2025 | projects announced by date
| Date | Company/Org | State | Source | Sector | Type | Jobs | Investment | |
| 3/3 | ABB | MS | Link | Grid, Transmission and Electrification | Manufacturing | 200 | $40,000,000 | |
| 3/3 | ABB | TN | Link | Grid, Transmission and Electrification | Manufacturing | 50 | $80,000,000 | |
| 3/5 | Tesla | TX | Link | EV | Manufacturing | 1,500 | $200,000,000 | |
| 3/6 | TS Conductor | SC | Link | Grid, Transmission and Electrification | Manufacturing | 462 | $134,000,000 | |
| 3/14 | Schneider Electric | TN | Link | Grid, Transmission and Electrification | Manufacturing | 100 | ||
| 3/14 | Schneider Electric | TN | Link | Grid, Transmission and Electrification | Manufacturing | 355 | ||
| 3/17 | T1 Energy | TX | Link | Solar | Manufacturing | 1,800 | $850,000,000 | |
| 3/25 | Misson Solar | TX | Link | Solar | Manufacturing | 500 | $265,000,000 | |
| 3/25 | Scheider Electric | MO | Link | Grid, Transmission and Electrification | Manufacturing | 241 | $73,000,000 | |
| 3/27 | Shinsung | KY | Link | Battery/Storage | Manufacturing | 100 | $53,500,000 | |
Clean Economy Works 2025 | projects canceled, closed, downsized by date 2022-2025
| Date | Developer | State | Update | Link | Sector | Type | Jobs Announced/Lost | Investment Announced/Lost |
| 1/10/23 | Philadelphia Solar | TX | Cancelled | Link | Solar | Manufacturing | 150 | |
| 1/19/23 | Proterra | CA | Closure | Link | Battery/Storage | Manufacturing | 300 | |
| 6/13/23 | Lightning eMotors | CO | Downsized | Link | EV | Manufacturing | 80 | |
| 6/27/23 | Nu Ride (formerly Lordstown Motors) | OH | Closure | Link | EV | Manufacturing | 450 | $40,000,000 |
| 6/30/23 | Microvast | KY | Cancelled | Link | Battery/Storage | Manufacturing | 562 | $504,000,000 |
| 10/31/23 | Orsted | NJ | Cancelled | Link | Wind | Generation | ||
| 10/31/23 | Orsted | NJ | Cancelled | Link | Wind | Generation | ||
| 11/10/23 | Siemens Gamesa | VA | Cancelled | Link | Wind | Manufacturing | 260 | $200,000,000 |
| 12/16/23 | Lightning eMotors | CO | Closure | Link | EV | Manufacturing | 250 | |
| 5/6/24 | Canoo | AR | Closure | Link | EV | Manufacturing | 545 | |
| 7/19/24 | VSK Energy | CO | Cancelled | Link | Solar | Manufacturing | 900 | $250,000,000 |
| 8/2/24 | Applied Materials | VA | Cancelled | Link | Battery/Storage | Manufacturing | 90 | $109,000,000 |
| 8/15/24 | Piedmont Lithium | TN | Cancelled | Link | Battery/Storage | Manufacturing | 120 | $600,000,000 |
| 8/26/24 | Meyer Burger | CO | Cancelled | Link | Solar | Manufacturing | 350 | $400,000,000 |
| 11/27/24 | TotalEnergies | NY | Cancelled | Link | Wind | Generation | 1300 | |
| 11/27/24 | TotalEnergies | NJ | Cancelled | Link | Wind | Generation | 1300 | |
| 12/31/24 | REC Silicon | WA | Closure | Link | Solar | Manufacturing | 244 | |
| 12/31/24 | ZF | MI | Cancelled | Link | EV | Manufacturing | 536 | |
| 1/17/25 | Solar Partners | CA | Downsized | Link | Solar | Generation | $2,200,000,000 | |
| 1/24/25 | Prysmian | MA | Cancelled | Link | Wind | Manufacturing | 100 | $200,000,000 |
| 1/28/25 | Magnis Energy Technologies | NY | Downsized | Link | Battery/Storage | Manufacturing | 80 | $140,000,000 |
| 2/4/25 | Kore Power | AZ | Cancelled | Link | Battery/Storage | Manufacturing | 3,000 | $1,200,000,000 |
| 2/6/25 | Freyr Battery | GA | Cancelled | Link | Battery/Storage | Manufacturing | 723 | $2,570,000,000 |
| 2/11/25 | BorgWarner | MI | Closure | Link | EV | Manufacturing | 188 (total) | |
| 2/11/25 | BorgWarner | MI | Closure | Link | EV | Manufacturing | 188 (total) | |
| 2/11/25 | Canoo | OK | Closure | Link | EV | Manufacturing | 2000 | |
| 2/11/25 | Canoo | OK | Closure | Link | EV | Manufacturing | $320 million (total) | |
| 2/11/25 | Canoo | OK | Closure | Link | EV | Manufacturing | 500 | $320 million (total) |
| 2/17/25 | Aspen Aerogels | GA | Cancelled | Link | EV | Manufacturing | 250 | 325000000 |
| 2/24/25 | Nikola | AZ | Downsized | Link | EV | Manufacturing | 315 | |
| 2/24/25 | Air Products | NY | Cancelled | Link | Hydrogen | Generation | 90 | $500,000,000 |
| 2/27/25 | Ascend | KY | Downsized | Link | Battery/Storage | Manufacturing | 130 | $310,000,000 |
| 3/3/25 | Bosch | SC | Cancelled | Link | Hydrogen | Manufacturing | 350 | $200,000,000 |
| 3/11/25 | Proterra | SC | Downsized | Link | Battery/Storage | Manufacturing | 90 |
Clean Economy Works | total projects announced by year Aug. 2022-Jan. 2025
| Year | Projects | Jobs Announced | Investment Announced |
| 2022 | 49 | 32,131 | $43,602,000,000 |
| 2023 | 196 | 61,673 | $64,577,300,000 |
| 2024 | 91 | 21,367 | $21,232,029,000 |
| 2025 | 26 | 7,095 | $3,730,000,000 |
Clean Economy Works | total projects cancelled, closed, downsized by year 2022-2025
| Year | Projects | Jobs Announced/Lost | Investment Announced/Lost |
| 2022 | 0 | 0 | 0 |
| 2023 | 9 | 2,052 | $744,000,000 |
| 2024 | 9 | 5,385 | $1,359,000,000 |
| 2025 | 16 | 7,800 | $7,965,000,000 |
Clean Economy Works | total projects announced by sector Aug. 2022-Jan. 2025
| Sector | Projects | Jobs Announced | Investment Announced |
| Battery/Storage | 65 | 29,219 | $43,730,000,000 |
| Biofuel | 1 | 40 | $0 |
| Energy Efficiency | 1 | 200 | $6,000,000 |
| EV | 155 | 65,866 | $83,994,800,000 |
| Geothermal | 1 | 0 | $0 |
| Grid, Transmission and Electrification | 30 | 5,446 | $4,016,359,000 |
| Hydrogen | 19 | 3,556 | $6,139,600,000 |
| Semiconductor | 0 | 1,970 | $5,375,000,000 |
| Solar | 90 | 30,974 | $16,923,570,000 |
| Wind | 28 | 3,254 | $4,060,500,000 |
*totals will not match overall figures as some projects are categorized into multiple sectors
Clean Economy Works | total projects cancelled, closed, downsized by sector Aug. 2022-Jan. 2025
| Sector | Projects | Jobs Announced/Lost | Investment Announced/ Lost |
| Battery/Storage | 9 | 5,095 | $5,433,000,000 |
| Biofuel | 0 | 0 | $0 |
| Energy Efficiency | 0 | 0 | $0 |
| EV | 12 | 5,114 | $685,000,000 |
| Geothermal | 1 | 0 | $0 |
| Grid, Transmission and Electrification | 0 | 0 | $0 |
| Hydrogen | 2 | 440 | $700,000,000 |
| Semiconductor | 0 | 0 | $0 |
| Solar | 5 | 1,644 | $2,850,000,000 |
| Wind | 6 | 2,690 | $400,000,000 |
Clean Economy Works | total projects announced by type Aug. 2022-Jan. 2025
| Type | Projects | Jobs | Investment |
| Generation | 44 | 3,786 | $9,438,370,000 |
| Manufacturing | 303 | 109,857 | $119,365,559,000 |
| R&D | 15 | 1,298 | $523,900,000 |
| Recycling, Repair, and Maintenance | 10 | 932 | $213,500,000 |
Clean Economy Works | total projects cancelled, closed, downsized by type Aug. 2022-Jan. 2025
| Type | Projects | Jobs Announced/Lost | Investment Announced/Lost |
| Generation | 6 | 2,690 | $2,700,000,000 |
| Manufacturing | 28 | 12,563 | $7,368,000,000 |
| R&D | 0 | 0 | $0 |
| Recycling, Repair, and Maintenance | 0 | 0 | $0 |
Clean Economy Works | total projects announced by congressional district Aug. 2022-Jan. 2025
| Party | Projects | Jobs Announced | Investments Announced |
| Republican | 243 | 87,360 | $110,043,529,000 |
| Democratic | 126 | 30,396 | $19,946,000,000 |
| Unknown | 21 | 4,770 | $3,151,800,000 |
Clean Economy Works | total projects cancelled, closed, downsized by congressional district Aug. 2022-Jan. 2025
| Party | Projects | Jobs Announced/Lost | Investments Announced/Lost |
| Republican | 16 | 10,135 | $6,318,000,000 |
| Democratic | 6 | 928 | $540,000,000 |
| Unknown | 12 | 4,190 | $3,210,000,000 |
Clean Economy Works | total projects announced by state Aug. 2022-Jan. 2025
| State | Projects | Jobs Announced | Investment Announced | State | Projects | Jobs Announced | Investment Announced |
| Alabama | 10 | 1,711 | $2,819,200,000 | North Carolina | 26 | 12,333 | $21,565,959,000 |
| Arkansas | 2 | 500 | $250,000,000 | Nebraska | 1 | 0 | $0 |
| Arizona | 12 | 2,402 | $6,722,000,000 | New Hampshire | 1 | 0 | $0 |
| California | 15 | 810 | $1,600,000,000 | New Mexico | 1 | 0 | $16,300,000 |
| Colorado | 6 | 1,952 | $270,000,000 | Nevada | 7 | 3,442 | $2,185,000,000 |
| Connecticut | 4 | 100 | $24,800,000 | New York | 7 | 5,250 | $6,600,000,000 |
| Florida | 6 | 450 | $276,000,000 | North Dakota | 14 | 3,079 | $791,000,000 |
| Georgia | 33 | 15,980 | $12,881,000,000 | Ohio | 18 | 5,181 | $7,958,800,000 |
| Iowa | 4 | 102 | $17,000,000 | Oklahoma | 7 | 1,810 | $4,270,000,000 |
| Illinois | 7 | 2,719 | $2,563,500,000 | Oregon | 2 | 0 | $43,000,000 |
| Indiana | 12 | 5,262 | $8,316,000,000 | Pennsylvania | 4 | 427 | $146,100,000 |
| Kansas | 3 | 180 | $110,000,000 | Puerto Rico | 1 | 800 | $0 |
| Kentucky | 10 | 2,821 | $2,723,900,000 | Rhode Island | 1 | 0 | $0 |
| Louisiana | 6 | 1,109 | $1,719,500,000 | South Carolina | 32 | 15,249 | $15,985,800,000 |
| Massachusetts | 6 | 1,041 | $45,700,000 | Tennessee | 23 | 5,481 | $6,343,000,000 |
| Maryland | 4 | 325 | $316,370,000 | Texas | 32 | 14,102 | $9,311,000,000 |
| Maine | 1 | 200 | $6,000,000 | Utah | 3 | 0 | $1,000,000,000 |
| Michigan | 37 | 13,172 | $12,404,400,000 | Virginia | 7 | 885 | $1,197,500,000 |
| Minnesota | 4 | 700 | $155,000,000 | Vermont | 1 | 12 | $0 |
| Missouri | 5 | 691 | $747,000,000 | Wisconsin | 7 | 462 | $242,000,000 |
| Mississippi | 4 | 2,540 | $2,055,000,000 | West Virginia | 4 | 850 | $1,335,000,000 |
Clean Economy Works | total projects cancelled, closed, downsized by state Aug. 2022-Jan. 2025
| State | Projects | Jobs Announced/Lost | Investment Announced/Lost |
| Arkansas | 1 | 545 | $0 |
| Arizona | 2 | 3315 | $1,200,000,000 |
| California | 2 | 300 | $2,200,000,000 |
| Colorado | 4 | 1580 | $650,000,000 |
| Georgia | 2 | 973 | $2,895,000,000 |
| Kentucky | 2 | 692 | $814,000,000 |
| Massachusetts | 1 | 100 | $200,000,000 |
| Michigan | 3 | 724 | $0 |
| New Jersey | 3 | 1300 | $0 |
| New York | 3 | 1470 | $640,000,000 |
| Ohio | 1 | 450 | $40,000,000 |
| Oklahoma | 3 | 2500 | $320,000,000 |
| South Carolina | 2 | 440 | $200,000,000 |
| Tennessee | 1 | 120 | $600,000,000 |
| Texas | 1 | 150 | $0 |
| Virginia | 2 | 350 | $309,000,000 |
| Washington | 1 | 244 | $0 |
Announcements | Projects that began development, were proposed, or applied for local and state approval before the passage of the Inflation Reduction Act (IRA) are not included. This analysis also does not include investments in which the federal government has provided financial resources for the complete project, lease sales, projects in which an announcement was made but lacked specific geographic information, etc. Details on projects came from news reports on new and related projects; press releases from companies announcing new developments; and government announcements.
Cancellations, Closures, Downsizes | This tracking includes all projects, plants, operations, or expansions that were cancelled or closed since passage of the IRA in August 2022. This does not include announced layoffs that are not associated with a project downsizing unless there is a stated decease in production output. This list also does not include the transfer of project ownership, if production will continue under the new ownership, power purchasing agreements, or other similar type of announcements. Project delays or idling of facilities are not included unless there in an announced decrease in production or investment or unless the project will need to be restarted to proceed in the future.
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