Rcp clean tech investment falls 42 percent to $155 billion

Rcp now shows global clean technology manufacturing investment has fallen 42 percent from its 2023 peak to $155 billion in 2025. For companies building solar, wind, batteries, and related supply chains, that means fewer project dollars moving into new factories and a slower pace of expansion.

China's 70 percent slide

China has seen a 70 percent decline in investing levels since 2023, after Beijing commissioned as much solar power in 2022 as the rest of the world combined. The reversal points to a market correction after years of oversupply and a slowdown in economic growth.

U.S. projects lose support

Chinese companies in the green sector scrapped roughly $2.8 billion in planned U.S. manufacturing projects last year, and more than half of proposed Chinese green-sector investments in the United States were canceled, paused, or delayed. The Trump administration rolled back the Biden-era Inflation Reduction Act, canceled many clean energy tax incentives, and imposed tariffs on clean energy supply chains, especially those coming out of China.

Frykman's warning

David Frykman, a general partner at Stockholm-based venture capital group Norrsken, wrote in a March op-ed for Fortune that domestic renewable generation cannot be weaponized by adversaries. He said, “Wind and solar cannot be embargoed, blockaded, or shut off by a foreign power.” He also wrote, “Every terawatt-hour of domestic renewable generation is a terawatt-hour that no adversary can weaponize.”

The unresolved question is whether the 2025 total marks a temporary pause or the start of a longer capital pullback, especially as many nations keep investing in clean energy more than ever before and emerging economies keep building even as China and the U.S. cool.