Japan leapfrogs UK in EY RE list

The Hibikinada floating wind demonstration project off Fukushima

Initiatives in floating wind helped Japan's RE momentum last year

Japan overtook the UK as an attractive destination for renewables investors in the latest country rankings from accountants EY.

Japan climbed to fourth place in the quarterly Renewable Country Attractiveness Indices (RECAI) thanks to its “rapidly growing solar markets, a burgeoning offshore sector and proactivity in addressing infrastructure barriers”.

EY noted that Japan’s generous FITs had spurred almost 7GW of solar installations last year.

While the Japanese grid had proved a hindrance to renewables growth, the Tokyo government appears to be tackling the issue, it added.

By contrast, EY’s analysts said the UK, down one place to fifth, had suffered from a lack of policy clarity.

Ben Warren, EY’s environmental finance leader Log in to read complete article.

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