China is currently the best country in the world for renewable energy investment, while India has the strongest potential for conventional power investors, according to a new report.
Published by analysts at PA Consulting, ‘Mapping Energy Investment Potential Around the World’ ranks 30 countries against several criteria to determine where the best internal rate of return can be found.
China tops the renewable league table, followed by Sweden and Denmark. The top ten also includes the Philippines and Brazil while the U.S. is way down the list in 28th place.
The report covers 16 countries in Europe; Dubai, Qatar and the United Arab Emirates in the Middle East; Australia, Malaysia, New Zealand, the Philippines and Singapore in the Asia-Pacific; the five BRICS nations and the U.S.
The analysis examines seven renewable technologies: solar photovoltaic, concentrated solar power, onshore and offshore wind, hydro, geothermal and biomass and looks at four conventional technologies: nuclear, combined cycle gas turbine, gas turbine and coal.