FTFM Global investment in clean technology is booming. Last year, more than $100bn (£50bn, €70bn) was invested in the sector, easily eclipsing Ernst & Young’s 1997 prediction of $70bn for the year. At current rates of growth, investment in the sector could reach $750bn by 2016.
As the Ernst & Young Renewable Energy Country Attractiveness Indices clearly show, the US is still the most attractive investment destination for renewables, supported by tax credits and standards at federal and state level. India, Spain and the UK tie for second position: India enjoys continuing state support and target levels, and a strong wind turbine manufacturing sector, while Spain offers market premium feed-in tariffs for energy from wind and capacity-limited support for solar.
