One year after the One Big Beautiful Bill Act: Market demand stays resilient
Federal policy reshapes project decisions, but demand, financing, and the development pipeline continue to support US renewable power and battery storage.
The clean energy market is showing resiliency. Execution risk has increased, particularly for wind and solar, but demand, financing, and the development pipeline continue to support investment. More than 90% of the 57.3 GW of new utility-scale capacity added were renewables and storage between July 2025 and June 2026 alone.¹ Learn how the market evolved and the strategic considerations developers and investors can consider moving forward to maintain renewable project momentum.
Key takeaways
- In the year after the passage of OBBBA, the US added 57.3 GW of utility-scale capacity, and over 90% were renewables and storage, demonstrating resilient market demand.²
- Renewable and battery storage project financing topped $103 billion.³ Transferable tax credit volume jumped 48% year over year to $42 billion.⁴
- New FEOC restrictions have increased supply chain challenges. Chinese battery imports fell by 62% in Q1 2026 year over year.⁵
How US renewable power markets adapted in the last year
Renewable energy and battery storage projects have secured more than $103 billion in financing between July 2025 and June 2026.⁶ Clean energy tax credit monetization also reached $63 billion in 2025, including a 48% year-over-year surge in transferable tax credit volume to $42 billion.⁷ These trends highlight sustained market demand amid federal policy shifts and trade bottlenecks.
Lending and capital volume rise
Between July 2025 and June 2026, renewable project financing grew with an 11% increase in lent amount (to more than $90 billion) and 25% expansion in lender participation.⁸ Concurrently, battery storage attracted 42% more capital, reaching $13.5 billion, despite an 8% drop in the number of facilities, highlighting capital concentration in fewer, larger-scale projects.⁹
Renewables lead 2030 capacity pipeline
Planned capacity additions by 2030 continued to be dominated by renewables, followed by battery storage and natural gas. Fifty-three percent of the 697 GW planned additions come from renewables and 28% from battery energy storage.¹⁰ Additionally, the 2026–2029 solar additions forecast held steady post-OBBBA, rising slightly from 173 GW in Q3 2024 to 175 GW in Q2 2026, highlighting how market demand can outweigh policy disruption.¹¹
Natural gas dominates M&A traded capacity while corporate PPAs evolve
Generation capacity traded through M&A accelerated in the first half of 2026 to nearly 97 GW traded, up from 70 GW in the same period of 2025.¹² Renewables constituted more than half of the 181 transactions between July 2025 and June 2026.¹³ Clean energy PPAs slowed in 2025, with 34 GW of new offtake announced.¹⁴ Data centers represented 55% of US contracted clean energy demand in 2025, highlighting continued corporate appetite for carbon-free power.¹⁵
Overcoming import bottlenecks and trade restrictions
While domestic manufacturing is scaling up, it is currently unable to meet the demand for clean energy installations. Consequently, developers face supply chain uncertainties such as Foreign Entity of Concern (FEOC) rules, anti-dumping duties, and rising Section 301 tariffs. Navigating these trade uncertainties is important for maintaining project timelines and cost-efficiency.
1Data includes utility-scale capacity additions. Deloitte analysis of S&P Global Market Intelligence data as of July 6, 2026.
2Ibid.
3Deloitte analysis of Infralogic data as of July 1, 2026.
4Stephanie Deterding, “Crux's 2025 Market Intelligence Report: What tax credit buyers need to know,” Crux Climate, March 19, 2026.
5Deloitte analysis of USITC data as of July 1, 2026.
6Deloitte analysis of Infralogic data as of July 1, 2026.
7Stephanie Deterding, “Crux's 2025 Market Intelligence Report: What tax credit buyers need to know,” Crux Climate, March 19, 2026.
8Deloitte analysis of Infralogic data as of July 1, 2026.
9Ibid.
10Deloitte analysis of S&P Global Market Intelligence data, accessed July 6, 2026. Includes announced, early development, advanced development, and under construction units.
11 Deloitte analysis of data from Wood Mackenzie’s US Solar Market Insight.
12Deloitte analysis of S&P Global Market Intelligence data as of July 6, 2026.
13Ibid.
14CERA Consulting, 2025 Clean Energy Investment Trends, April 2026.
15Ibid.
16Deloitte analysis of USITC data as of July 1, 2026.
17Wood Mackenzie, US energy storage monitor: Q2 2026, June 22, 2026.
18Deloitte analysis of USITC data as of July 1, 2026.
19Ibid.
²⁰ Kirsten Errick, “US solar manufacturers ask for investigation into imports from South Korea,” S&P Global Market Intelligence, June 23, 2026.
21 Federal Register, Notice of Modification: China's Acts, Policies and Practices Related to Technology Transfer, Intellectual Property and Innovation, September 18, 2024.
Thomas L. Keefe
Keith Adams
Kate Hardin
