China remains in poll position in the latest EY renewable energy country attractiveness index, followed by India and the US.
The top five places – with Germany in fourth and Australia fifth – are unchanged from the previous index released in May, while France moves up to sixth from eighth previously.
New tenders and acquisitions in France, as well as political support from President Macron, are behind the move, EY said.
EY added that India’s second spot looks “increasingly precarious” following cancelled wind energy purchase agreements and steep falls in tariff bids in recent auctions.
Middle Eastern and North African countries climbed the index with Egypt, for example, moving up to 19th from 27th previously on the back of the International Finance Corp’s funding for 500MW of solar projects.
The UK remained unchanged in 10th position.
EY global power and utilities corporate finance leader and chief editor of the index Ben Warren said: “The index highlights that government policy is pivotal in driving renewable energy development globally.”