The U.S. is back on top. Following strong public commitments to renewable energy, including last month’s Clean Power Plan (CPP) and the Solar Initiative earlier this year, the U.S. has reclaimed the number one spot in Ernst and Young’s quarterly Renewable Energy Country Attractiveness Index (RECAI).
In fact, it is the CPP that gave the U.S. the advantage.
Ben Warren, EY’s Global Power & Utilities Corporate Finance Leader and RECAI Chief Editor, says:
“The CPP is the most comprehensive, far-reaching and flexible emissions legislation in the US to date and gives a clear steer on the country’s long-term energy strategy. Targets alone will not construct new projects, but long-term visibility increases investor confidence that demand is there, and maintains momentum as we hurtle towards universal grid parity for renewables.”
While the U.S. moved back to the top this quarter, China fell to the number 2 spot.
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