Solar power: India third most attractive country for solar investment
POWER & RENEWABLE ENERGY

Solar power: India third most attractive country for solar investment

India has secured the third rank in IHS Markit’s latest Global Renewables Markets Attractiveness Rankings for the period ending of December 2020.

IHS Markit recently released its latest Global Renewables Markets Attractiveness Rankings for the end of December 2020.

The US has been ranked as the most attractive country for renewable energy investment because of its sound market and attractive support technique. The country has secured the top position in attractiveness for investing in solar PV and onshore wind.

The ranking of different countries' attractiveness is towards investing in solar PV, onshore wind, and offshore wind. The evaluation of countries is based on the current policy frame, investor friendliness, market fundamentals, revenue risks, infrastructure readiness, return expectations, and overall opportunities.

The overall rankings are a combined score of onshore and offshore wind and solar PV. It's weighted on technology-based expected levels of installations until the next decade.

Germany secured the second position on the renewable attractiveness rankings. China, which accounted for over half of the worlds' non-hydro renewables the previous year, ranked third, weighed down by difficulties in accessing the market. However, China secured second place in attractiveness for solar investments.

India ranked sixth in renewables, third for utility-scale solar PV, ninth for onshore wind, and 15th for offshore wind.

France secured the fourth position due to strong market fundamentals backed by stable procurement mechanisms and long-term clean energy targets. Spain is in the fifth position of attractiveness for renewable investment. Likewise, Japan boosted its attraction to the eighth position and Netherlands to the ninth.

Countries with a strong response towards offshore wind have got a significant increase. IHS told the media that the generation source is expected to be the fastest-growing renewable energy technology in the coming decade.

The UK failed to secure its position in the top 10 of the combined rankings due to a lack of support for developing onshore and solar PV. It ranked as the most attractive market for offshore wind investment.

Image Source


Also read: The leaders in the Indian solar market

Also read: Mercom India announces Solar 2021 Award winners

India has secured the third rank in IHS Markit’s latest Global Renewables Markets Attractiveness Rankings for the period ending of December 2020. IHS Markit recently released its latest Global Renewables Markets Attractiveness Rankings for the end of December 2020. The US has been ranked as the most attractive country for renewable energy investment because of its sound market and attractive support technique. The country has secured the top position in attractiveness for investing in solar PV and onshore wind. The ranking of different countries' attractiveness is towards investing in solar PV, onshore wind, and offshore wind. The evaluation of countries is based on the current policy frame, investor friendliness, market fundamentals, revenue risks, infrastructure readiness, return expectations, and overall opportunities. The overall rankings are a combined score of onshore and offshore wind and solar PV. It's weighted on technology-based expected levels of installations until the next decade. Germany secured the second position on the renewable attractiveness rankings. China, which accounted for over half of the worlds' non-hydro renewables the previous year, ranked third, weighed down by difficulties in accessing the market. However, China secured second place in attractiveness for solar investments. India ranked sixth in renewables, third for utility-scale solar PV, ninth for onshore wind, and 15th for offshore wind. France secured the fourth position due to strong market fundamentals backed by stable procurement mechanisms and long-term clean energy targets. Spain is in the fifth position of attractiveness for renewable investment. Likewise, Japan boosted its attraction to the eighth position and Netherlands to the ninth. Countries with a strong response towards offshore wind have got a significant increase. IHS told the media that the generation source is expected to be the fastest-growing renewable energy technology in the coming decade. The UK failed to secure its position in the top 10 of the combined rankings due to a lack of support for developing onshore and solar PV. It ranked as the most attractive market for offshore wind investment. Image Source Also read: The leaders in the Indian solar market Also read: Mercom India announces Solar 2021 Award winners

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000