The solar power industry is experiencing a boom, defying the Trump administration's apparent pivot away from renewable energy. Despite the rollback of Biden-era clean energy incentives, solar energy continues to dominate new energy additions in the United States, accounting for 72.6% of U.S. electricity additions in 2025. This growth trend is set to continue, with FERC projections indicating an 86 gigawatt increase in solar energy installations over the next three years, surpassing coal as the second-largest energy source by 2029. The tech sector's massive energy demand is a significant driver of this boom, with a focus on renewables and next-gen clean energy technologies like nuclear fusion and space-based solar power. The irony of the U.S. being the cradle of clean energy growth, despite the Trump administration's efforts to revive the petro-state, is a fascinating development. European energy markets, on the other hand, are struggling due to red tape and the lingering effects of the energy crisis caused by Russia's war in Ukraine. The U.S. market is more conducive to clean energy investing, according to Miguel Stilwell d’Andrade, CEO of EDP, who is directing significant capital expenditures towards U.S. renewables projects. This boom in solar power is a testament to the industry's resilience and the increasing economic viability of renewable energy sources.
