2016
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Detailed explanation-1: -India remains at the 3rd position in the ‘Renewable Energy Country Attractiveness Index’ released by EY. US retains the top position with China and India taking up the second and third positions respectively.
Detailed explanation-2: -India stands 4th globally in Renewable Energy Installed Capacity (including Large Hydro), 4th in Wind Power capacity & 4th in Solar Power capacity (as per REN21 Renewables 2022 Global Status Report).
Detailed explanation-3: -According to the report, the US, mainland China and India continue to retain the top three rankings and Indonesia is a new entrant to the RECAI. The 2021 RECAI ranks the world’s top 40 global markets (nations) on the attractiveness of their renewable energy investment and deployment opportunities.
Detailed explanation-4: -Spain remained the most attractive PPA market in 2022, with Germany overtaking the United States for second place. The United Kingdom, Australia and France completed the top five. EY also introduced a new renewables attractiveness ranking, normalized to countries’ gross domestic product.