2 October, Brussels – A new study by EY Consultancy has highlighted that the EU is being overtaken in investment in renewable energies, with the increasingly attractive markets of Asian and Latin American countries doing particularly well. China tops the ranking of forty renewable energy markets, although the table still contains nineteen member states of the EU.
What the ranking suggests is that the EU is no longer the default destination for investments in renewable energies, after years at the forefront of the market. The one area in which the EU continues to lead is in attracting investment for offshore wind.
Of the EU members in the list, the Netherlands has shown the strongest quarter-on-quarter growth of the renewables market, followed by Germany and France. Italy and Spain have both fallen in the list, as a result of retroactive changes to renewables support policies and subsidies.