For the first time since 2016, the US has secured the top position in the index, largely due to a short-term extension to the Production Tax Credit and long-term growth in offshore wind. The US also has plans to install up to 30GW by 2030.
SINGAPORE (June 3): The renewable energy sector is expected to “bounce back quickly” despite the global slowdown caused by Covid-19. This is due to the sector being a potentially safer-haven for long-term investments, according to the 55th EY Renewable Energy Country Attractiveness Index (RECAI).
The latest index considers the potential impact of the pandemic, looking at the resiliency of countries in both health and economic terms.
