25 Feb '14, 4pm

Europe to Lose Renewables Grip to Asia and Africa

In the latest edition of its quarterly Renewable Energy Country Attractiveness Index (RECAI) , consultancy EY predicts that the next 12-18 months will see the traditionally dominant European countries lose market share to emerging nations. It highlights Ethiopia, Kenya, Indonesia, Malaysia and Uruguay as the countries most likely to muscle-in on European markets that have limited growth potential. EY predicts “troubled offshore markets” in the U.K., Germany and the Nordic region will find their dominance challenged by China, Japan, Taiwan, South Korea and India, while Brazil is forecast to cement growth not just in its wind sector but also in its nascent solar market. As this is the first RECAI of 2014, EY uses it as an opportunity to reflect on 2013 and highlights its choice of winners and losers in the renewables sector. Among the winners are South Africa, which last yea...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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