29 Feb '12, 2pm

Ernst & Young: Incentives Helped Make U.S. Top for Renewable Energy Investments

Ernst & Young: Incentives Helped Make U.S. Top for Renewable Energy Investments

Public funding helped the U.S. surpass China last year as the number one country for renewable energy investments, reversing positions held since 2009, but China maintained its position as the country with the most favorable renewable energy markets and infrastructures, according to the United States Renewable Attractiveness Indices and Renewable Energy Country Attractiveness Index, two reports from Ernst & Young. E&Yalso said that economic constraints will tend to restrict renewable energy project finance deals in 2012. Renewables investment in the U.S. leapt 33 percent to $55 billion from 2010 to 2011, according to Bloomberg New Energy Finance data, cited by E&Y. In that time China’s renewables investment rose just one percent, to $47.4 billion. The expiration of the Section 1603 Grant, which supplied about $10 billion in funding to more than 4,250 projects, leaves tax e...

Full article: http://www.environmentalleader.com/2012/02/29/ernst-young...

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