global renewable energy country attractiveness and ... · investment in renewable energy generation...

Global Cleantech CenterSeptember 2014

Global renewable energy country attractiveness and resource map

Global renewable energy country attractiveness and resource map

2 Global Cleantech Center 2014

3Global renewable energy country attractiveness and resource map

To provide a global view of the renewable energy landscape, the following maps present renewable attractiveness and resource data on the 40 countries that are included in EY’s Renewable Energy Country Attractiveness Index (RECAI).The RECAI ranks the attractiveness of 40 nations around the globe for investment in renewable energy generation infrastructure. Published since 2003, this widely quoted quarterly publication is an important reference for industry specialists and investors worldwide.

The maps indicate the overall RECAI country ranking and score as well as the RECAI technology-specifi c indices ranks.

In addition, the maps indicate key baseline renewable resource data for each county, including installed renewable generation capacity, capacity growth rate, new project pipeline and percentage of electricity generated from renewable sources.

It is important to note that the overall and technology-specifi c RECAI scores are the product of a variety of weighted inputs related to the macroeconomic, energy market and renewable technology drivers in a given country.

For more information on the index methodology, please contact Klair White, RECAI Editor, at [email protected].


1

12

26

Chile

Peru

8 France15.8

14 Belgium

5.1

13 Netherlands

6.2

1.6

21 Sweden8.6

2 UnitedStates139.0

5 Canada

13.63 Germany

76.4

22 Spain34.9

30 Norway

6.8

31 Ireland

2.0

0.6

24 Mexico3.6

18 Portugal6.0

17 Denmark

6.3

7 United Kingdom

18.4

9 Brazil19.0

China

187.3

28 Morocco0.5

Installed capacity (GW)

KeyRECAI rank

2 to 5GW

25 to 40GWMore than 40GW

5 to 25GW

Less than 2GW

Renewable installed capacity 2013

Note: For general comparability, renewable energy resources are presented in

World

4

6

11

29

23

20

32

1

India

Thailand

Japan

Poland

Romania

China27 Israel

0.335 Saudi

Arabia0 29.7 Taiwan

0.834 Philippines

2.1

39 Indonesia3.3

6.0

3.3

37 Finland

3.1

38 Russia

1.1

19 Turkey4.4

34.9

4.2

16 SouthAfrica

0.3

36 Kenya

0.4

40 Ukraine1.2

15 Italy

33.9

187.333 Greece4.8

25 Austria6.7

2.5South Korea

10 Australia8.2

GlobalInstalled capacity

702.8GWProject pipeline

733.9GW


KeyRegional

views and details



Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

1214

121

119

China

187.3

265.9

22.5%5yr CAGR

GW now

in pipeline+

1consumption by 2015

75.13.5%

Overall score

RE electricity

Key

CAGR installed renewable generation capacity 2008–13

2013 installed renewable generation capacity

GW capacity of renewable projects under way

Overall RECAI score is based on a variety of macroeconomic, energy market and renewable technology drivers

Sources and data notes• RECAI scores as of September 2014.• Renewable capacity and pipeline data are sourced from Bloomberg New Energy Finance as of 10 September 2014.• Pipeline capacity totals refl ect renewable projects at the following stages of development: fi nancing secured; permitted;

partially commissioned; and announced/planning begun.• Renewable energy electricity percentages are 2013 Business Monitor International estimates as of 10 September

2014 except for Belgium, Ireland and Norway. For these countries, the percentage is based on 2012 US Energy Information Administration (EIA) data for non-hydro renewable generation capacity and total electricity generation as of 10 September 2014.

Percentage of electricity generated from non-hydro renewable sources

RECAI technology indices ranks, refl ecting a weighted average across macroeconomic, energy market and technology-specifi c parameters

Major declared top-line renewable goal

Overall RECAI ranking

Asia-Pacifi c

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

21131025

2811

173

SouthKorea

55.40.7%

2.5

8.5

22.9%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

11

consumption by 2030

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

30161723

2129

2326

Taiwan

49.42.1%

0.8

0.8

28.2%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

2316.1% of total installed electricity capacity by 2030

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

37302922

728

226

Philippines 40% of electricity by 2020

44.714.5%

Overall score

RE electricity

6.5

1.3%5yr CAGR

2.1GW now

in pipeline+

34

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

40333321

223

1317

Indonesia

40.95.5%

3.3

3.8

2.8%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

3925% of primary energy consumption by 2025

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

1214

121

119

China

187.3

265.9

22.5%5yr CAGR

GW now

in pipeline+


75.13.5%

Overall score

RE electricity

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

161766

1122

1810

Australia

56.75.8%

8.2

21.6

22.0%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

1020% of electricity by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

109327*

32

412

Japan

64.44.4%

34.9

9.1

10.3%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

410% of energy mix by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

31391220

2917

3428

Thailand

50.54.8%

3.3

3.6

11.6%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+


Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

81943

1315

711

India

60.23.8%

29.7

24.7

16.2%

55GW by 2017

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

6

Installed capacity


347.1GW

Region total

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

38223527*

3136

1923

Russia

40.90.4%

1.1

2.3

0.1%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

384.5% of electricity by 2020

* Joint ranking (note that for technologies such as solar CSP, geothermal and marine, a large no. of countries can score zero, therefore all are on a joint ranking of the rank following the lowest non-zero number)


Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

2321

13

39

UnitedStates

73.86.5%

139.0

101.4

9.4%

No national target

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

2

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

411724

1912

54

Canada

60.35.0%

13.6

16.0

16.2%

No national target

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

5

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

24312519

831

2821

Mexico

48.74.5%

3.6

8.5

19.1%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+


North America

Installed capacity


126.0GW

Region total


Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

28231810

3426

2915

Spain

50.222.1%

34.9

11.0

6.9%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

22

consumption by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

23212318

1624

207

Portugal

50.828.1%

6.0

1.2

8.9%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

18

consumption by 2020

Europe

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

711127*

185

261

21.2%

UnitedKingdom

59.214.9%

18.4

56.2

24.6%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+


Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

5154027*

3321

322

Ireland

45.317.2%

2.0

4.4

12.2%consumption by 2020

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

31

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

22201511

614

1122

Italy

52.517.0%

33.9

4.5

25.4%consumption by 2020

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

15

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

128817

1510

165

France

58.54.6%

15.8

7.5

19.1

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+


Installed capacity


194.2GW

Region total

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

1473027*

35*13

3716

Denmark

51.750.6%

6.3

1.3

10.1%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

17

consumption by 2020


Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

1162127*

269

3130

Netherlands

54.214.1%

6.2

5.2

9.3%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

13

consumption by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

2051927*

2016

3031*

Belgium

52.815.0%

5.1

2.7

37.3%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

14

consumption by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

13143827*

2725

88

Norway

45.51.5%

6.8

9.5

1.6%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

30

consumption by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

34526

98

1027

Germany

67.021.7%

76.4

35.3

16.9%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

3consumption by 2020; 30% by 2030

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

9123727*

247

1213

Sweden

50.414.9%

8.6

13.3

10.8%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

21

consumption by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

19392427*

2218

1531*

Austria

48.614.4%

6.7

0.4

5.5%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

25

consumption by 2020

Europe continued, next page

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

17103927*

35*6

3331*

Finland

44.215.7%

3.1

5.0

6.5%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

37

consumption by 2020


Europe

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

15252612

532

920

Turkey

50.73.5%

4.4

4.7

29.4%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

1925% of electricity by 2020; 30% by 2023

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

33362714

2335

3831*

Greece

45.015.1%

4.8

5.1

26.1%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

33

consumption by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

36283427*

35*33

3631*

Ukraine

40.41.1%

1.2

3.9

131.5%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

40

consumption by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

18183627*

1719

2531*

Poland

46.311.5%

4.2

16.7

28.3%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

29

consumption by 2020; 20% by 2030

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

29323127*

2534

2731*

Romania

45.15.6%

6.0

6.3

21.5%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

32

consumption by 2020


South America

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

626149

324

224

Brazil

57.07.2%

19.0

28.5

20.0%

16% of total installed electricity capacity by 2020

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

9

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

252492

1020

1414

Chile

54.37.1%

1.6

17.9

9.7%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+


Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

34272015

1427

631*

Peru

48.02.0%

0.6

1.2

6.3%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

2640% of total energy consumption by 2021

Installed capacity


47.7GW

Region total

Middle East and Africa

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

2629135

35*37

2118

SouthAfrica

52.30.4%

0.3

12.7

22.6%


Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

16

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

2735287

35*39

3931*

Morocco

46.44.3%

0.5

2.3

9.5%


Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

28 Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

3937168

35*38

3525

Israel

46.61.0%

0.3

1.4

55.4%

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

27

consumption by 2020

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

35382213

3040

4031*

SaudiArabia

44.60.0%

0.0

0.1

N/A

Overall score

RE electricity

5yr CAGR

GW now

in pipeline+

3523.85GW by 2022; 54GW by 2032

Installed capacity


19.1GW

Region total

Onshore wind

Solar PV

Solar CSP

Biomass

Hydro

Marine

Offshore wind

Geothermal

32343216

430

2429

+

44.49%RE electricity

60% of energy from renewable sources by 2030

2.6

7.0%5yr CAGR

0.4GW now

in pipeline

Kenya

44.3Overall score

36

21.5%RE electricity

ContactsGil ForerGlobal Cleantech Leader+1 212 773 [email protected]

Scott SarazenGlobal Markets Leader+1 617 585 3524 [email protected]

Ben WarrenGlobal CleantechTransactions Leader+44 20 7951 [email protected]

Paul NaumoffGlobal Cleantech and CCaSSTax Leader+1 614 232 [email protected]

Heather SibleyGlobal Cleantech AssuranceLeader+1 415 894 [email protected]

Nicola MarshallGlobal Cleantech TransactionAdvisory Services ResidentManager+1 212 773 [email protected]

John de YongeDirector, AccountEnablement+1 201 872 [email protected]

Scott E. AndersonGlobal Marketing Director,Cleantech+1 201 872 [email protected]

Lily DongeGlobal Knowledge Leader+1 202 327 [email protected]

Alex DesbarresGlobal Strategic Analyst+44 20 7951 [email protected]

EY | Assurance | Tax | Transactions | Advisory

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How EY’s Global Cleantech Center can help your business From start-ups to large corporations and national governments, organizations worldwide are embracing cleantech as a means of growth, efficiency, sustainability and competitive advantage. As cleantech enables a variety of sectors, old and new, to transform and participate in a more resource-efficient and low-carbon economy, we see innovation in technology, business models, financing mechanisms, cross-sector partnerships and corporate adoption. EY’s Global Cleantech Center offers you a worldwide team of professionals in assurance, tax, transaction and advisory services who understand the business dynamics of cleantech. We have the experience to help you make the most of opportunities in this marketplace, and address any challenges. Whichever sector or market you’re in, we can provide the insights you need to realize the benefits of cleantech.

© 2014 EYGM Limited.All Rights Reserved.

EYG no. LI015778 CSG/GSC 2014/1463555ED None

This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.

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global renewable energy country attractiveness and ... · investment in renewable energy generation...

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