30 May '12, 4pm

Global Renewable Energy Investment Sector Faces Challenging Year

Following a record year in 2011, investment flows in clean energy during the first quarter of 2012 (Q1'12) were the weakest since 2009, according to Ernst & Young's latest quarterly global Country Attractiveness Indices (CAI) report. The short- to medium-term global sector outlook is generally downbeat, as the ongoing problems with sovereign debt issues and increased competition from Asian manufacturers continue to focus the minds of European policymakers and the growth in shale gas and political resistance to tax credit extensions continue to pose significant challenges to the U.S. market. However, as more mature technologies move ever closer to grid parity with traditional energy sources, there is good reason for longer-term optimism for the global renewable energy sector, Ernst & Young says. The CAI report provides scores in 40 countries for national renewable energy ma...

Full article: http://solarindustrymag.com/e107_plugins/content/content....

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