Energy

Renewable Energy Investors Increasingly Look to UK, Says Report

The UK has become more attractive to renewable energy investors following the government’s decision to lift its block on financial support for onshore wind and solar projects.

Britain has climbed the rankings of a biannual global survey of investors to take the sixth spot in EY’s “attractiveness index” for renewable energy ahead of a major clean energy auction next year.

The auditing giant said the government’s decision to include onshore wind and solar energy projects in the auction had helped the UK climb one rung on the rankings list, to just below Germany, Australia, France, China and the US.

The US topped the rankings for the first time since 2016 – in spite of the federal government’s ongoing support for fossil fuels – in large part due to plans to invest $57bn (£47bn) to install up to 30GW of offshore wind by 2030.

Source
the guardian
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