The U.S. has maintained its No. 1 spot as the most enticing renewable energy market for investors in EY’s latest Renewable Energy Country Attractiveness Index (RECAI). Now in its 47th edition, the index ranks 40 markets on the attractiveness of their renewable energy investment and deployment opportunities, based on a number of macro, energy market and technology-specific indicators.
Notwithstanding uncertainty over its Clean Power Plan, the U.S. held its position following the five-year extension of federal tax credits for wind and solar, according to the RECAI. The report says this provided critical certainty for investors and is forecast to galvanize significant capacity deployment through to 2020.