2021
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Detailed explanation-1: -New Delhi, 19 May 2021: India has moved up a position to the third spot in the 57th EY Renewable Energy Country Attractiveness Index (RECAI) released by EY. Also, India’s solar sector is expected to grow significantly post the COVID-19 pandemic, with generation from solar PV forecast to exceed coal before 2040.
Detailed explanation-2: -Creating a sustainable world 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: -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.