$83 billion "green gold" major shift! The Trump administration shifts towards natural gas and nuclear power as new favorites, while pressure is on solar and wind power.

The Trump administration is restructuring, revising, or canceling over $83 billion in clean energy project loans and conditional commitments approved during the Biden administration. This marks a historic reversal in energy investment direction in the United States. The significant changes in funding mainly involve clean energy loans and conditional commitments approved by the Loan Programs Office (LPO) during the Biden administration. According to the latest policy guidelines, the existing LPO has been officially renamed the Energy Dominance Financing Office (EDF), with its focus shifting from promoting low-carbon climate governance to achieving US energy independence and export dominance, in order to correct the previous government's perceived distortion of the clean energy subsidy policy. The Department of Energy (DOE) announced: "This action was taken after a comprehensive review of the previous government's $104 billion principal loan obligations, including approximately $85 billion disbursed hastily in the months following the election." At the implementation level, this adjustment plan directly cancels about $30 billion in financing projects, with a focus on renewable energy infrastructure loans including onshore and offshore wind power, CECEP Solar Energy generation, totaling around $9.5 billion. In possible cases, they will be replaced by natural gas and nuclear power capacity expansion projects. The remaining $53.6 billion in projects face strict restructuring and condition revisions to ensure they align with the new government's strategic interests. The Department of Energy stated that the EDF currently has over $289 billion in available loan authorizations, making it the largest energy loan agency globally. A statement from the office said: "By 2026, EDF will prioritize financing for energy and manufacturing projects that contribute to US energy security, grid reliability, and significantly lower costs for all Americans." This large-scale withdrawal of funds and contract re-evaluations not only reflect the strong liquidation of the remaining funds under the Inflation Reduction Act (IRA) by the administration but also significantly change the credit allocation preferences of the US government as the largest energy financing entity globally. The reclaimed funds and remaining financing authorizations will now focus on natural gas infrastructure, clean coal transformation, and nuclear revival projects, such as the anticipated restart of a nuclear power plant in Pennsylvania. These decisions have been supported by recent executive orders signed by the Trump administration and the legal backing of the Omnibus Beautiful Bill Act (OBBBA) passed by Congress, which effectively repealed several tax credits for clean technologies. Despite facing legal challenges from environmental organizations and some green industry capital, the Department of Energy still holds over $280 billion in total loan authorizations. Analysts point out that with the financing balance tilting towards fossil fuels and nuclear energy, the long-term investment return logic in the US electricity energy market is being reshaped, and the global energy transition supply chain will face significant decentralization pressure as a result.