StartContentsRenewable Energy Country Attractiveness Index 6102Foreword RECAI 61PPA indexKey developmentsAnalysisRegional focusData and methodologyContactsNormalized indexForeword 03RECAI 61 04Renewables highlights from around the worldKey developments07How market actions are impacting the global journey toward net zeroAnalysis13India: working round the clock to cement its investible position in renewable energyRegional focus18RECAI 61Normalized indexPPA IndexData and methodology21Contacts27Normalized index05PPA index06Renewable Energy Country Attractiveness Index 6103Ben Warren RECAI Chief editor Partner, Renewables Corporate Finance, Ernst & Young LLPForeword• ● The limitations of relying on imported energy have been highlighted by recent world events and markets’ strengthened commitment to energy security.• ● The current economic climate, with its inflationary pressures, could facilitate spending and incentives for infrastructure projects, enabling even greater opportunities for the renewables industry to turbocharge green energy demand. • ● Innovative, game-changing policy — including the US Inflation Reduction Act — is set to boost a broad range of asset classes.• The Act has accelerated investment into clean energy (and other decarbonization investments), but risks causing an imbalance in international capital allocation.• Players looking to flourish in this new environment will need access to flexible capital and the full energy value chain, plus agility to operate in multiple jurisdictions.• ● India is consolidating its leading position for solar and is on its way to becoming an exporter of green ammonia and hydrogen.Key takeawaysNo one said the path to net zero would be a smooth one. Decarbonizing our world is, u...
