US still best place to invest in solar

Ernst & Young: United States still the best place to invest in solar

Ernst and Young Renewable Energy Attractiveness Index

Ernst & Young has released its Renewable Energy Attractiveness Index for the second quarter of 2012. The report finds that while China is maintaining its top position among all renewables, the United States retain first place for both solar photovoltaics (PV) and concentrating solar power (CSP).

Ernst & Young also finds that while new investment in the sector is up 24% from the first quarter of 2012 to USD 59.6 billion, mergers and acquisitions have fallen 50% to roughly USD 10 billion. The report also decreased the “all renewables index” (ARI) score of the United States by 1.5 points, to share second place with Germany.

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