Latin America: Government Plans and European Markets

latin america: Almost without exception, European markets slipped down the rankings while emerging economies across Latin America, Asia and Africa took their place near the top of the league table thanks to government plans to deploy green energy as a fast, relatively cheap way to develop their grids, according to The Guardian. European markets appear to be scaling back their ambitions as they address the challenges of marrying up increasingly mainstream renewables with a legacy of centralised conventional power generation, EY said at the time. In its biannual report on renewables investment, released in May, consultancy EY reported that countries across the continent were becoming less attractive to investors as the pipelines of clean energy projects slowed following widespread subsidy cuts and a perceived scaling back of ambition. But rather than being the start of a long, painful descent for Europe – historically the world frontrunner in renewable energy development – it now seems that the worrying report in May may have been a temporary blip. For example, France, moved up a position to reach 7th in the global rankings, thanks largely to a new national plan to tender 3GW of new solar capacity over the next three years, which will boost its solar capacity to more than 10GW by 2018. UK attractiveness for renewables investment plummets to all-time low Read more The latest Renewable Energy Country Attractiveness Index , released today, shows many European nations, including France, Belgium, Sweden, Ireland, Norway and Finland, all moved up the rankings thanks to a flurry of new renewables programmes that are helping to drive investment across the continent. (news.financializer.com). As reported in the news.