The World’s Best Countries For New Energy

Floating Wind Pushes France Up Renewables Attractiveness Ladder

Adnan Durakovic, May 16, 2019 (OffshoreWindBiz)

“France has moved up two positions and is now the third most attractive destination globally for investment in renewable energy due in part to a new focus on floating offshore wind…Globally, mainland China and the US remain at first and second positions respectively on the [53rd EY Renewable energy country attractiveness index] top 40 ranking…The UK has retained its position as the eighth most attractive destination globally for investment in renewable energy…The UK has unveiled plans for offshore wind to [grow from today’s 8.2 GW to 30 GW and] supply 30% of its electricity by 2030, up from just 6.2% in 2017…

click to enlarge

France intends to issue offshore wind tenders with a combined capacity of up to 6GW by 2028, up to 3GW of which could potentially be floating wind capacity. The country has also approved several pilot floating wind projects… The global renewable energy industry is entering a new phase of subsidy-free growth, EY said…[Projects are now grappling with new-found exposure to wholesale power prices and market imbalance – known as merchant risk – and the growing role of corporate energy buyers in underwriting clean energy projects…” click here for more

click to enlarge

Tweet