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Recently, EY released a global renewable energy country attractiveness index chart, with China, the United States and France among the top three
.
According to EY, the renewable energy country attractiveness index is ranked according to several parameters such as energy demand, policy implementation, project delivery, and technology potential and weighting
.
Specifically, energy demand refers to whether a country has energy demand and whether it is affordable; Policy enablement is based on whether each country has the right long-term energy strategy, policy stability and support mechanisms, which EY believes has an important impact on the market; Project delivery focuses on energy market access, infrastructure and finance as indicators of a country's market stability; Technological potential is similar to policy support, measuring complex trade-offs between incentives, including feed-in tariffs, natural resources, tendering mechanisms, and policy risks; Technology weighting is based on, among other things,
current and possible future investment size.
1.
China
According to the EY report, China ranks first
in the renewable energy national attractiveness index.
China has been a leader in renewable energy investment, as well as global dominance in onshore wind, photovoltaic, concentrated solar and hydropower
.
In recent years, China has begun to vigorously develop offshore wind power
.
Overall, China has 32% of the world's installed wind power capacity and 35% of the installed solar capacity
.
2.
United States
In second place is the United States, which has begun to develop offshore wind power in the past two years; It also ranks among the best
in onshore wind and solar.
EY believes the success of the Democratic Party's Green New Deal plan, despite the lack of specifics, is already changing
.
3.
France
Jumping from fifth to third place last year is France
.
According to EY's analysis, France is the world's leading country in marine energy, but the main reason for ranking third is France's leading role
in the offshore wind market and onshore wind farms.
4.
India
India, which slipped from third to fourth place last year, was largely affected
by policy uncertainty.
From the perspective of solar photovoltaics, India ranks second only to China, and from the perspective of onshore wind power, India is also on par
with France.
The Indian government announced in 2018 that it would tender 40 GW of solar and wind power annually for the next decade to achieve the 2028 target
of 500 GW of renewable energy.
In fact, delays or even cancellations of solar and wind project tenders resulted in tenders for only 20 GW of renewable energy
being tendered in 2018.
5.
Australia
Australia's strongest renewable energy source, rising from sixth to fifth place, is solar, with other renewables relatively stable
.
But with high energy prices, the new government has reduced Australia's climate targets and put $17 billion of energy investment on hold
.
Recently, EY released a global renewable energy country attractiveness index chart, with China, the United States and France among the top three
.
According to EY, the renewable energy country attractiveness index is ranked according to several parameters such as energy demand, policy implementation, project delivery, and technology potential and weighting
.
Specifically, energy demand refers to whether a country has energy demand and whether it is affordable; Policy enablement is based on whether each country has the right long-term energy strategy, policy stability and support mechanisms, which EY believes has an important impact on the market; Project delivery focuses on energy market access, infrastructure and finance as indicators of a country's market stability; Technological potential is similar to policy support, measuring complex trade-offs between incentives, including feed-in tariffs, natural resources, tendering mechanisms, and policy risks; Technology weighting is based on, among other things,
current and possible future investment size.
1.
China
According to the EY report, China ranks first
in the renewable energy national attractiveness index.
China has been a leader in renewable energy investment, as well as global dominance in onshore wind, photovoltaic, concentrated solar and hydropower
.
In recent years, China has begun to vigorously develop offshore wind power
.
Overall, China has 32% of the world's installed wind power capacity and 35% of the installed solar capacity
.
2.
United States
In second place is the United States, which has begun to develop offshore wind power in the past two years; It also ranks among the best
in onshore wind and solar.
EY believes the success of the Democratic Party's Green New Deal plan, despite the lack of specifics, is already changing
.
3.
France
Jumping from fifth to third place last year is France
.
According to EY's analysis, France is the world's leading country in marine energy, but the main reason for ranking third is France's leading role
in the offshore wind market and onshore wind farms.
4.
India
India, which slipped from third to fourth place last year, was largely affected
by policy uncertainty.
From the perspective of solar photovoltaics, India ranks second only to China, and from the perspective of onshore wind power, India is also on par
with France.
The Indian government announced in 2018 that it would tender 40 GW of solar and wind power annually for the next decade to achieve the 2028 target
of 500 GW of renewable energy.
In fact, delays or even cancellations of solar and wind project tenders resulted in tenders for only 20 GW of renewable energy
being tendered in 2018.
5.
Australia
Australia's strongest renewable energy source, rising from sixth to fifth place, is solar, with other renewables relatively stable
.
But with high energy prices, the new government has reduced Australia's climate targets and put $17 billion of energy investment on hold
.