US President Donald Trump’s “One Big Beautiful Bill Act (OBBBA)”, which cuts incentives for renewable energy, has triggered mergers and asset sales in solar and wind energy companies.
The new law eliminates investment tax credits and shortens project deadlines. This could force smaller players to merge, form partnerships, or sell assets.
In the first half of 2025 alone, 63 clean energy deals were made; their total value was approximately $34 billion.
In the second half of 2024, this figure was only $7 billion.The US Department of Energy also announced in September that it would cancel $13 billion in green funding. Previously, 24 projects worth $3.7 billion had been shelved. These cancellations are particularly putting small and indebted companies in a difficult situation.
On the other hand, large-scale energy companies and private equity funds see an opportunity to acquire undervalued assets in this process.
For example, CBRE Investment Management acquired Blackstone-backed ClearGen at the end of August.According to experts, this volatility could also open the door to new opportunities for flexible developers and strong investors.
