Clean Energy Investment Faces Setbacks as Projects Worth $1.6B Canceled in September
Companies canceled or scaled back nearly $1.6 billion in clean energy projects in September, contributing to over $24 billion in withdrawn investments this year. Despite some new project announcements, analysts suggest the clean energy sector’s growth trajectory has sharply slowed in 2024.
Significant Clean Energy Project Cancellations
Companies canceled or scaled back nearly $1.6 billion in clean energy projects during September alone, according to reports from clean energy advocacy group E2. This brings the total amount of withdrawn investment to more than $24 billion so far this year, indicating substantial challenges facing the renewable energy sector.