The UK has climbed into fifth position in the new energy outlook forecast, which ranks 40 countries in order of their attractiveness in renewable energy.
The Country Attractiveness Indices report carried out by Ernst & Young shows several offshore wind projects that are currently in the pipeline. This includes a £4.5 billion investment for a wind farm in Scotland and a £120 million biomass plant in Middlesex.
The rise up the table comes despite conflicts over the government’s green policy last month regarding the FIT rates.
Ben Warren, Ernst & Young’s Energy and Environmental Finance Leader said: “This is good news for consumers and will result in more clean energy that can be deployed at a lower cost with potential for lower bills for customers in the future.”