The latest edition of the accountant’s renewables attractiveness index has placed the nation in top spot for photovoltaics, helping it to fourth spot for overall clean energy investment. Mexico has been hammered by the government’s attitude to clean power and France has also slipped, four places.
Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.
An Ernst & Young report has found power and utility deals fell off markedly in the Americas during the first half of the year because of the Covid-19 pandemic but commitment to clean energy investment appeared to remain strong.
While some of the industry insiders at REI 2019 have made predictable calls to scrap restrictions imposed by regulators, others have continued to maintain that policy support is crucial, while audience members voiced concerns about India’s lack of recycling rules.
The Indian state of Karnataka has snagged the top spot on the Ministry of New and Renewable Energy’s State Rooftop Solar Attractiveness Index.
The energy transition is accelerating, Ernst & Young global energy leader Benoit Laclau has warned grid operators, thanks to the confluence of digitization, decentralization and decarbonization. Traditional utilities must get with the program or be swept aside.
The evolving outlook for project finance, as well as the gradual maturation of technologies, such as blockchain, present new challenges and opportunities for renewables, EY says in its latest Renewable Energy Country Attractiveness Index (RECAI) report. Uncertainty in the sector continues to drive a “relentless focus on cost” to soften the impact of protectionism, subsidy cuts and rising interest rates throughout the world, it adds.
The Ernst & Young’s RECAI league table sees big movements at the top, as China and India take on the mantle of leaders, while the U.S. drops to third spot.
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