Ernst & Young has recently assessed 40 countries to determine their attractiveness to renewable energy investors.
The All Renewable Index 2012 ranked China in the top spot once again. Despite dropping 0.2 points since the last index in May, China finished with 70.2 to clinch first place. A major factor for China being voted as the most attractive country for investors was the move to increase their solar target by 400% to 50 gigawatts by 2020 in an attempt to encourage more domestic installations and use up the oversupply of photovoltaic panels.
If China manages to achieve the renewable energy targets it has set, the IEA believes that it could provide about 40 percent of the world’s renewable energy capacity within the next five years.