05 Sep '12, 6pm

Report: U.S Slides in Renewables Attractiveness

Report: U.S Slides in Renewables Attractiveness

China, now the world’s biggest builder of wind farms and solar panels, is also the world’s most renewable-energy-friendly country in the world. Meanwhile, the United States, caught in political and policy gridlock, is slipping into cloudy days and doldrums. That’s one takeaway from Ernst & Young’s new renewable energy country attractiveness indices report (PDF ), which finds the United States dropping 1.5 points from last year on its “All Renewables Index (ARI)” to tie Germany at the number-two spot behind China . At fault, says the report, is “ongoing uncertainty over the country’s long-term renewable energy strategy and a failure to indicate if there will be an extension to the critical Production Tax Credit (PTC) for wind projects.” We’ve covered the wind power industry’s struggles with Congress on this issue, as well as the economic factors (read: cheap natural gas) th...

Full article: http://www.greentechmedia.com/articles/read/report-u.s-sl...

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