What midterm election blue wave rebuke of Trump means for renewable energy

The midterm election results may strengthen political support for renewable energy, even as the Trump administration has rolled back federal clean energy incentives. Developers and investors still see long-term economic reasons to shift towards renewables, and the election leaves substantial federal funding available.

US manufacturing capacity for solar modules, wind blades and nacelles grew by about 50% between the first quarter of 2025 and the third quarter of this year. A total of $277 billion was invested in clean energy and related technologies over the past four quarters, while nearly $600 billion in federal clean energy funding remains available, according to a Politico analysis. Voters approved 40 of 41 local measures on AI data centres, mostly addressing construction and energy use; new governors have called for safeguards and community input, while Goldman Sachs expects US data centre growth through 2027 to remain largely unchanged.