Renewables could be a “safer-haven for long-term investment” if the UK continues to shoot up the global clean energy attractiveness index, a new EY report has claimed. Professional services firm EY’s new 2020 Renewable Energy Country Attractiveness Index (RECAI) has the UK in sixth place, up from seventh last year. It claims the jump is due to the UK Government’s decision to re-include onshore wind and solar projects in the country’s next renewable energy auction round.
Energy Voice 19th May 2020 read more »
The UK has become more attractive to renewable energy investors following the government’s decision to lift its block on financial support for onshore wind and solar projects. Britain has climbed the rankings of a biannual global survey of investors to take the sixth spot in EY’s “attractiveness index” for renewable energy ahead of a major clean energy auction next year. The auditing giant said the government’s decision to include onshore wind and solar energy projects in the auction had helped the UK climb one rung on the rankings list, to just below Germany, Australia, France, China and the US. The US topped the rankings for the first time since 2016 – in spite of the federal government’s ongoing support for fossil fuels – in large part due to plans to invest $57bn (£47bn) to install up to 30GW of offshore wind by 2030. China has fallen from the top of the rankings to second place as Beijing looks to wean the market off subsidies, and the coronavirus pandemic cut its growing appetite for energy.
Guardian 19th May 2020 read more »