Europe is gaining ground on the US as the most attractive destination in the world for investment in renewable energy, according to the latest Ernst & Young Renewable Energy Country Attractiveness Index — which tracks and scores global investment in renewable energy.
The report, launched today, reveals that the EU announcement to mandate the increased use of renewable energy across Europe by 2020 has significantly boosted Europe’s overall attractiveness for investors in the sector — six of the top 10 countries in the index are EU member states.
The index, which tracks the top 25 national renewable energy markets, shows that the US lost ground in the fourth quarter of 2007 to its second-place rival, Germany — a consistent performer of late. Germany’s industry has been boosted following the announcement of the Renewable Energies Heating Law, which requires all new buildings built after 1 January 2009 to incorporate renewable energy heating systems.
See full Press Release.
Posts
