Spain, the USA and Germany are the most attractive countries to invest in renewable energies, attracting the bulk of capital investment, according to Ernst & Young which points to a wind power "boom" in India.

The UK is dropping from third to fourth place "as industry concern grows over grid and planning issues" in an index dominated by wind power, says the consultants Ernst & Young in their quarterly Renewable Energy Country Attractiveness Indices.

The index sees Italy making the biggest move in the table, jumping to 6th position "on the back of increased forward certainty surrounding its high tariff", while Germany consolidates its position in 3rd place. E&Y highlights a growing focus on emerging markets with a "wind power development boom" in India, which now appears fifth in the ranking. E&Y says this is reflected in the high valuation awarded to turbine manufacturer Suzlon which has a strong presence in the Asian markets".

EU Energy Commissioner Andris Pieblags will be travelling to New Delhi on Thursday (6 April) to inaugurate the first India-EU joint industrial energy conference. The agenda focuses on renewable energies, energy efficiency and clean coal technologies with discussions including mutual market access for European and Indian firms in six "niche sectors" in the energy domain. Two working groups on renewables and coal met on 22 and 23 March as part of an India-EU Energy Panel to prepare for the conference.


Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.