Ernst & Young’s (EY) Renewable Energy (RE) Country Attractiveness Index was recently published in which India has been ranked at 3rd position.

Key Points

• RE Investment attractive index ranks the world’s top 40 nations with respect to attractiveness of their deployment opportunities and renewable energy
• In the index, India retains its third position while US retains the top position.
• China has been ranked at second position.
• As per report, conditions are ripe for rapid growth across renewables generation. The major challenge will be inadequate grid investments.
• According to Index, corporate power purchase agreements were the key driver of clean energy growth in the light that, environment, social, and governance measures are becoming top agenda for companies and investors.

India’s Rank in PPA Index

Among the top 30 power purchase agreement (PPA) markets, India has been ranked at sixth position. PPA Index focuses on attractiveness of renewable power procurement. It ranks the growth potential of country’s corporate PPA market.