December 2, 2025
The renewable energy industry continues to see reductions in projects and other initiatives. Companies canceled, closed and scaled back more than $4.4 billion worth of large-scale renewable energy projects and factories in October, bringing the total cost of canceled projects in the private sector to more than $28.7 billion in 2025 alone, E2’s report said. latest monthly analysis of sustainable energy projects. The cancellations and scalebacks will eliminate nearly 9,000 previously announced and current jobs, bringing the total number of jobs lost to abandoned projects this year to nearly 30,000.
The October cancellations and closures (one project was announced on September 30) include nine previously announced battery, storage, solar and electric vehicle factories in Michigan, Mississippi, Ohio and California. According to E2’s tracking, only one new major project was announced last month – the lowest number of new projects announced in a month since E2 started tracking.
According to the analysisBy 2025, cancellations, closures and reductions will outnumber investments in new projects and jobs by almost two to one. About $11 billion in investments and 17,000 jobs have been announced so far in 2025. At the same time, $28.7 billion and nearly 30,000 jobs have been canceled.
“Cancellations are clearly on the rise,” said Michael Timberlake, director of research and publications at E2. “The cancellation of 51 projects this year alone reflects the uncertainty long-term producers and investors face about the long-term future of America’s energy leadership.”
Republican states are suffering the most
Republican-controlled congressional districts continue to lose the most from cancellations. Nearly $17 billion in investments that would have created nearly 22,000 jobs have been cut in Republican districts so far in 2025, compared to nearly $10 billion and 13,000 jobs in Democratic districts.
“Companies, including many that have already broken ground, started hiring or made major capital investments, are reversing course at an increasing rate,” Timberlake added. “Communities and their constituents are paying the price in lost jobs, lost investments in economic development and lost tax revenue.”
According to E2’s trackingnew investments were not sufficient to offset the impact of scaled back and abandoned projects. The only new clean energy project announced in October was Eos Energy Storage’s $352 million plans to move its headquarters to Pittsburgh and expand battery production in Pennsylvania. The Eos project brings the total investments announced since E2 began tracking in August 2022 to $132.2 billion.
Cancellations tracked by E2 include projects announced or completed before August 2022 that were not added to E2’s announcement tracker. This results in inconsistencies between the jobs and investment totals between the cancellation and announcement trackers, as many canceled and closed projects would not impact E2’s announcement tracker.
Total number of announced projects for the year 2022-2025
| Year | Projects | Jobs announced | Investment announced |
| 2022 | 70 | 28,831 | $40,369,500,000 |
| 2023 | 191 | 59,165 | $64,144,200,000 |
| 2024 | 86 | 18,970 | $16,437,729,000 |
| 2025 | 70 | 17,275 | $11,374,250,000 |
| Total | 417 | 124,241 | $132,325,679,000 |
Total number of cancelled, closed and downsized projects in the period 2022-2025
| Year | Projects | Jobs lost | Investment lost |
| 2022 | 0 | 0 | 0 |
| 2023 | 9 | 2,052 | $744,000,000 |
| 2024 | 14 | 7,546 | $1,971,500,000 |
| 2025 | 51 | 29,944 | $28,767,300,000 |
| Total | 74 | 39,542 | $31,482,800,000 |
*Includes projects announced, completed, or operational before federal tax credits were passed and not included in E2’s tracking that began in August 2022
To download the analysis memo with table totals by state, sector, industry, congressional district and year: click here. A full map and list of announcements is available at e2.org/project-tracker/
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