In­dia shines in re­new­able mar­ket

Down to Earth - - THE FORTNIGHT -

over­taken the US to be­come the sec­ond-most at­trac­tive coun­try af­ter China for re­new­able en­ergy in­vest­ment, ac­cord­ing to a re­port by UK ac­coun­tancy firm Ernst and Young (EY). In an an­nual rank­ing of the top 40 re­new­able en­ergy mar­kets world­wide in terms of al­lure, China was ranked at the top, fol­lowed by In­dia. Last year, In­dia was ranked third on EY's re­new­able en­ergy coun­try at­trac­tive­ness LQGH[ EHKLQG WKH 86 DQG &KLQD k,QGLD con­tin­ued its up­ward trend on the in­dex to sec­ond po­si­tion with the govern­ment's pro­gramme to build 175 gi­gawatts (GW) in re­new­able en­ergy gen­er­a­tion by 2022 and have re­new­able en­ergy ac­count for 40 per cent of in­stalled ca­pac­ity by

y (< VDLG LQ D VWDWHPHQW ,W DGGHG k$ com­bi­na­tion of strong govern­ment sup­port and in­creas­ingly at­trac­tive eco­nom­ics has KHOSHG SXVK ,QGLD LQWR WKH VHFRQG SODFH y On the other hand, the US slipped to the third spot from first in last year's rank­ing. k7KH IDOO WKH ILUVW IRU WKH 86 VLQFH WR third in the rank­ing of the top 40 coun­tries fol­lows a marked shift in US pol­icy un­der WKH QHZ DGPLQLVWUDWLRQ y (< VDLG.

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