India has overtaken the US to become the second-most attractive country after China for renewable energy investment, according to a report by UK accountancy firm EY. In an annual ranking of the top 40 renewable energy markets worldwide in terms of allure, China was ranked at the top, followed by India. India was ranked third on last year’s EY renewable energy country attractiveness index (RECAI) behind the US and China. Wind is expected to deliver 60 gw, with biomass and small hydro accounting for the remaining 15 gw,” EY said. In 2016-17, India added 12.5 gw of renewable energy capacity, compared to 10.2 gw from conventional sources.

Source: Hindustan Times May 16, 2017 12:11 UTC