India Ranks 3rd in 2021 EY Index
India has retained the 3rd rank in the 58th Renewable Energy Country Attractiveness Index (RECAI) released by the consultancy firm Ernst & Young (EY). According to the report, the US, mainland China, and India continue to retain the top three rankings and Indonesia is a new entrant to the RECAI.
The 2021 RECAI ranks the world’s top 40 global markets (nations) on the attractiveness of their renewable energy investment and deployment opportunities. With the environment, social, and governance (ESG) measures soaring to the top of the agenda for companies and investors, RECAI also highlights that corporate power purchase agreements (PPAs) are emerging as a key driver of clean energy growth.