China and India will be most attractive countries for renewable energy investment by 2012

* US, China and India tipped to be the top three most attractive countries for renewable energy projects in the next five years
* UK continues its slide down the renewable index, displaced by Germany’s strength in onshore wind and solar
* Poland, Brazil, Japan, New Zealand and Turkey enter the index for first time in its five year history

China and India will become the most attractive countries in the world for renewable energy investment and projects by 2012, according to the latest Ernst & Young Renewable Energy Country Attractiveness Index.

The quarterly index shows that China has climbed three places up the wind index to fifth position, while India continues to be the second most attractive country in the world for investment in wind energy.

Both countries are vying with the US for poll position – although the index shows that the US is currently the best place in the world for investor capital in renewable energy, witnessed by record inward investment by overseas utilities and a buoyant wind sector.

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