Ben Warren, EY's Head of Energy & Environmental Finance, discusses renewable energy policy, and the impact of cost and investment worldwide, with Bloomberg Television's “The Pulse.”
Renewable energy country attractiveness index
Established in 2003, our global quarterly publication ranks 40 countries on the attractiveness of their renewable energy investment and deployment opportunities, based on a number of macro, energy market and technology-specific indicators.
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A wave of IPOs, the awakening of a new investor class and changing EU-China dynamics signal interesting times ahead for the renewables sector.
The UK and Germany are currently in stalemate, with politics hampering clear strategy, prolonging uncertainty and deterring investment.
France, meanwhile, moves to seventh place in the Index as it gets ready to implement its energy transition bill early next year, which includes a carbon tax and levy.
Poland has dropped to 25th place following concerns over further delays and sector reactions to a proposed shift to competitive tendering.
Dramatic support reductions in Spain, Italy and the Czech Republic are affecting the outlook for medium-term deployment, resulting in a drop in the index.
Brazil and Chile have jumped up in the index, with renewables playing a prominent part in Brazil’s 2013 power auctions, and Chile continuing to attract large-scale projects.
Grid infrastructure improvements in India and Japan are attracting billions of dollars in a bid to accommodate existing and additional capacity.
Meanwhile, China has introduced additional tax breaks and subsidies for solar, and a renewed focus on offshore wind could open up huge opportunities.
Kenya enters the index in 40th place, thanks to a robust support framework and the potential to become a renewables hub for East Africa.
In our “Markets to watch” series, we look at significant activity this year in Russia, and ask whether a new green giant has emerged.