• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, August 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

US, China and UK Become top Destinations for Renewable Energy Investment

May 27, 2022
Stephen M.Cby Stephen M.C
in Extractives/Energy
0
steel

Hydrogen renewable energy production - hydrogen gas for clean electricity solar and windturbine facility. 3d rendering.

The US, mainland China and UK are the top three markets respectively based on attractiveness of renewable energy investment, according to the 59th EY Renewable Energy Country Attractiveness Index (RECAI).

Compared with previous performance, the UK has jumped two places while fourth place Germany moved up three places and Spain (9th) and Netherlands (10th) rose one place each. However, US and China are the top performers that still maintained their place

Numbering among countries that have made notable improvements is Denmark which moved up four places with a new target of producing up to 6GW of hydrogen annually by 2030— and Poland, having launched tenders for three new offshore wind concessions, is up three places.

RelatedPosts

Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 

Energy Ministry Urges Calm Over VRA, NEDCo Strike in Tamale 

Ghana Secures $1 Billion Climate Finance to Drive Green Transition Agenda 

Finland and Austria both shot up seven places, the former approving the introduction of an auction model to lease out public waters for the development of offshore wind, and the latter’s government has committed to provide €250 million ($264 million) to support the development of renewables.

Greece and Germany both rose three places. Greece is seeking to double its installed renewables capacity to around 19GW by 2030 and Germany has brought forward its 100 per cent green power target by 15 years to 2035.

renewable

Energy security top of government priorities

Energy security has risen to the top of government priority lists as the ongoing geopolitical instability and spiralling gas prices continue. As a result, governments around the world are looking to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy.

Arnaud de Giovanni, EY Global Renewables Leader, said many renewables’ technologies that were considered new and high-risk in the recent past are fast showing the potential to become mainstream and are therefore attracting investment interest.

“With energy prices expected to remain volatile for the foreseeable future, energy leaders have an unprecedented window of opportunity to leverage technological innovation and explore investment in enabling sustainable, renewable growth.”

Arnaud de Giovanni

Using floating technologies in energy renewables                                     

The report also explores the opportunity presented by floating technologies. Offshore wind continues to have great potential for investment, with the cost of electricity generated expected to drop to $70/MWh or lower by 2030.

On top of the 11 floating offshore wind projects already in operation, over a hundred more– with a combined capacity in excess of 26,300MW– are under construction, have achieved financial close or regulatory approval, or are in the early planning stages., the report notes.

Floating solar power is also attracting more attention as the cost of photovoltaic (PV) panels has plummeted, and global capacity has jumped more than 100-fold in the five years to 2021.

So far, most ‘floatovoltaic’ projects are on man-made, freshwater bodies, where the environment is relatively controlled, but there are plans to move further offshore to exploit the vastly larger resources of open sea.

Ben Warren, EY Global Power & Utilities Corporate Finance Leader and RECAI Chief Editor, said as governments seek to diverge away from natural gas, added impetus is given to renewable energy technologies that can help to diversify the renewable energy mix.

“This sets the tone for a significant domino-effect in the investment landscape, with a re-prioritisation of renewable energy build out creating an attractive climate for investment, with growing amounts of capital to deploy.

“RECAI explores the growth and investment potential of both conventional and innovative alternatives, including floating technologies, green hydrogen and green gases.”

Ben Warren

READ ALSO: ‘Gold in the Soil Award’ Slated for June this Year- Agrihouse Foundation

Tags: EnergyinvestmentrenewablesolarWind
Please login to join discussion
Previous Post

Field Facilitator at Right To Play

Next Post

Parliament Education Committee To Summon Education Minister And Others Over Mishandled World Bank Grants

[mc4wp_form id="1264"]

Related Posts

Thailand Returns 2 Wounded Soldiers To Cambodia
Asia

Thailand Returns 2 Wounded Soldiers To Cambodia

August 1, 2025
Swiss Government Disappointed By US Tariffs
Europe

Swiss Government Disappointed By US Tariffs

August 1, 2025
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Extractives/Energy

Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 

August 1, 2025
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
General News

Afenyo-Markin Warns Against Political Revenge Culture as Parliament Ends Session

August 1, 2025
Reeves Pushes Back On Trump’s Energy Appeal
UK

Reeves Pushes Back On Trump’s Energy Appeal

August 1, 2025
MTN Ghana’s Profit After Tax Surges by 55% in H1 2025
Vaultz Business

MTN Ghana’s Profit After Tax Surges by 55% in H1 2025

August 1, 2025
Thailand Returns 2 Wounded Soldiers To Cambodia
Asia

Thailand Returns 2 Wounded Soldiers To Cambodia

by Comfort AmpomaaAugust 1, 2025
Swiss Government Disappointed By US Tariffs
Europe

Swiss Government Disappointed By US Tariffs

by Comfort AmpomaaAugust 1, 2025
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Extractives/Energy

Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 

by Prince AgyapongAugust 1, 2025
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
General News

Afenyo-Markin Warns Against Political Revenge Culture as Parliament Ends Session

by Silas Kafui AssemAugust 1, 2025
Reeves Pushes Back On Trump’s Energy Appeal
UK

Reeves Pushes Back On Trump’s Energy Appeal

by Lawrence AnkutseAugust 1, 2025
MTN Ghana’s Profit After Tax Surges by 55% in H1 2025
Vaultz Business

MTN Ghana’s Profit After Tax Surges by 55% in H1 2025

by Stephen M.CAugust 1, 2025
Thailand Returns 2 Wounded Soldiers To Cambodia
Swiss Government Disappointed By US Tariffs
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
Reeves Pushes Back On Trump’s Energy Appeal
MTN Ghana’s Profit After Tax Surges by 55% in H1 2025
[/vc_row_inner]

Recent News

  • Thailand Returns 2 Wounded Soldiers To Cambodia
  • Swiss Government Disappointed By US Tariffs
  • Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
  • Afenyo-Markin Warns Against Political Revenge Culture as Parliament Ends Session
  • Reeves Pushes Back On Trump’s Energy Appeal
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.