Trump's "big and beautiful" bill blocks the throat of green energy AI craze suddenly encounters "power hunger"

When Trump's proposed $3.4 trillion fiscal plan passed through Congress, the renewable energy industry felt somewhat relieved as the proposal included canceling consumption taxes on wind power and CECEP Solar Energy projects. However, as the White House prepared to hold a bill signing ceremony, it was clear that this victory for the American president marked a major setback for the clean energy transition. The new law will gradually phase out tax credits for wind turbines and CECEP Solar Energy panels, threatening numerous renewable energy projects. The climate policy think tank "Energy Innovation" predicts that the recently passed "big and beautiful" tax cut and spending bill in the US Congress will severely restrict the expansion of renewable energy. A new analysis report released this week shows that by 2035, around 200 gigawatts of wind power and 150 gigawatts of CECEP Solar Energy projects are expected to be unable to be completed as planned. This period coincides with a sustained decade-long surge in US electricity demand, completely reversing the sluggish growth trend of the past thirty years. For example, in clean energy investment leader Texas, by 2030, the state may need the equivalent of 30 nuclear reactors (30 gigawatts) of generating capacity to meet the power needs of artificial intelligence (AI) data centers. Renewable energy was expected to become the main source of power generation. According to data from the US Energy Information Administration, utility-scale CECEP Solar Energy accounted for 61% of new power generation capacity in the US last year, reaching 30 gigawatts. The development prospects of CECEP Solar Energy were originally broader: it was not only the most economical source of electricity in the US, but the accompanying energy storage battery technology had also become a mainstream solution, with construction cycles much shorter than those of natural gas plants or nuclear reactors. More importantly, the landmark climate law signed by former President Biden in 2022 had injected strong momentum. Goldman Sachs estimated in 2023 that the law would ultimately drive around $1.2 trillion in government spending and leverage even greater private investment. But Trump's new law not only repealed or weakened key provisions of Biden's climate law, but also brought significant uncertainty to how the US would ensure energy security for the first wave of the AI boom.