The index, launched at the global world Energy Congress in Rome, unveils that Germany has jumped from fifth to second place, displacing the UK, India and Spain, which jointly kept this position last one fourth. It also shows that although the market meltdown has left many investors overexposed to certain sectors, renewables projects still offer a relatively low-risk option for investors. Although EU countries dominate the national country Attractiveness Indices, the US remains the most attractive destination overall for investment in renewables, a posture it has held for just two years. Jonathan Johns, Head of Renewable Energy at Ernst & Young, says the US will continue to entice the lion’s share of global investment especially if changes to legislation continue. The Ernst & Young Country Attractiveness Indices provide scores for national alternative energy markets, alternative energy infrastructures and their suitability for individual technologies. The indices provide ratings out of 100 and are updated frequently.
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