Renewable energy country attractiveness index 2015
EY report says Conservative government has sentenced renewable energy sector to death by a thousand cuts and left investors puzzled at policy changes. The UK has dropped out of the top ten of a respected international league table on renewable energy for the first time since it began 12 years ago. In its quarterly report published, EY said the new Conservative government had sentenced the renewable energy industry to “death by a thousand cuts” and investor confidence in the sector had collapsed because of policy changes over the summer. EY’s Renewable Energy Country Attractiveness Index scores 40 countries for their attractiveness to renewable investors, based on an analysis of a wide-ranging factors from government policy, specific projects and climate change targets, energy demand and costs to wider economic factors such as growth and sovereign credit risk. India pushed Germany out of third place, which analysts put down to state and market reforms in India as well as an increase in foreign investment, and a new auction regime in Germany that is expected to slow deployment in the next few years.