E&Y recently released its RECAI (Renewable Energy Country Attractiveness Index) report. The report is highly influential and has been followed closely.
Some of the key points from this report
- UK slips out of the top 10 and this has created a lot of buzz already. This however was expected owing to lack of policy clarity, issues with subsidies.
- US and China swap places. The US building on President Obama’s Clean Power Plan has claimed the top spot. China’s recent economic issues have not helped its cause even though the annual installed capacity is the highest in China.
- India in the mean time has displaced Germany from the 3rd spot and its all thanks to the big announcements.
- Latin America has seen great movement. Chile leads the pack at 9th position.
You could read more about the report here.