Europe is recovering lost ground in the Renewable energy country
attractiveness index – RECAI – compiled by Ernst & Young, while
Greece remained at the 40th place of the index once again, EY said its
latest six-month report.
The index is compiled based on a series of factors affecting the
outlook of Renewable Energy Sources market, such as: long-term energy
needs and how they could be covered by renewable energy sources, how
current policies encourage or discourage the development of reneweable
energy sources in one country, the existence of basic conditions, such
as network infrastructure, long-term contracts and funding, prospects of
renewable energy sources technology, a general investment climate,
business climate and long-term economic stability.
France rose to the seventh place of the index, supported by a
national plan to promote 3GW solar-thermal capacity in the next three
years. Belgium (18th), Sweden (20th), Ireland (30th), Norway (32nd) and
Finland (35th) also improved their listings in the index, while Germany,
the US, China, India and Chile remained at the top five positions of
the index.
EY said that European countries have not yet reached the flexibility
of emerging markets in transforming their energy industry. Their biggest
hurdle is integrating renewable energy sources to the existing
electricity production unit system, although a series of new promising
investment programs and new technologies currently implemented in Europe
could change this situation.
EY said that activity in green bonds in Europe rose, as green bonds
worth 54.9 billion US dollar were issued in Europe in the first seven
months of 2016, followed by North America with 19.8 billion dollars and
Asia with 4.5 billion dollars.
(http://int.ert.gr, 27 December 2016)