Spain has improved its position among the world’s most attractive countries for investment in renewable energies
This can be seen in the 55th edition of the Renewable Energy Country Attractiveness Index (RECAI), published by the professional services firm EY. Specifically, Spain has gone from 15th place in 2019 to number 11.
The index takes into account the impact of the pandemic caused by the Covid-19 coronavirus and the countries’ recovery capacity, both on its healthcare situation and its economy. In spite of having been hard hit by this crisis, Spain has succeeded in earning a notable place as one of the most attractive countries in terms of renewable energies.
Climate and energy policy is among the Government’s main priorities
EY also describes Spain as one of the countries with the highest projected growth, due to the fact that its climate and energy policy is among the government’s main priorities. The report notes the plans that have been launched to increase wind and solar power, which have sparked optimism among investors in regard to the development of new projects in the medium term.
According to Víctor M. Pérez, the partner responsible for EY’s energy sector, “Spain is notable for its commitment to alternative energies, and saw strong growth in wind and solar energy last year. This investment effort has made it the most important European market since 2008 for solar power capacity additions”.
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