UK ranked sixth best place for renewable investment

The UK ranks sixth in a new table rating countries on their potential for investment in renewable energy. The Energy Investment Map rates 30 nations including Europe, Asia Pacific, the […]

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By Vicky Ellis

The UK ranks sixth in a new table rating countries on their potential for investment in renewable energy.

The Energy Investment Map rates 30 nations including Europe, Asia Pacific, the Gulf, BRICS and the US for the investment potential of 11 different renewable and conventional generation technologies.

The UK’s position was boosted “significantly” by its score for onshore wind and offshore wind from the previous index, according to PA Consulting Group’s energy market and regulatory experts.

Mark Livingstone, at PA Consulting Group said: “While wind isn’t the only low carbon generation option, it is one resource that the UK clearly has in abundance.”

However the UK did less well in the map’s conventional energy index, ranking 12th with nuclear and combined cycle gas turbines (CCGT) deemed to have the most potential out of the four conventional power sources by the analysts.

The map suggests many of the top countries for investment in conventional power sources have a fast-growing demand for power as well as a regulatory regime which supports long term contracts. India tops the ranking driven by a massive demand for new conventional power capacities, followed by Poland in second place and the Philippines in third, according to the research.

China topped the renewable energy index because of its “extensive, high-quality” renewable resources and government support.