Donald Trump is presiding over an unexpected clean energy boom, as rising electricity demand spurs investment in new capacity despite the US administration’s efforts to thwart a solar and wind rollout.
Clean energy additions will rise by a record 45 gigawatts this year, according to S&P Global Energy—equivalent to the average electricity demand of Turkey. The increase is roughly 25 percent higher than the record set in 2024.
The US president’s war in Iran, which has driven up global energy prices, along with surging power demand from AI data centers and developers’ rush to capitalize on expiring tax credits, are driving the cleantech boom, said analysts. Trump’s administration has also been pragmatic in the face of its energy needs.