Ernst & Youngs (EY) Renewable Energy (RE) Country Attractiveness Index was recently published in which India has been ranked at 3rd position.
RE Investment attractive index ranks the worlds 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.