New research reveals that the UK holds high appeal for investors searching for opportunities in renewable energy technologies, Offshore Technology International reported.
Onshore and offshore wind generation in the UK are two of the strongest contenders for attracting funds from businesses and investors, according to new research.
PA Consulting Group’s Energy Investment Map rates the investment potential of 11 different renewable and conventional generation technologies, to give investors an overview of where they might search for the best opportunities. It also gives policymakers a valuable understanding of how their countries compare with others in terms of promoting different technologies and encouraging investment.
The newest edition of the map covers 30 countries in Europe, Asia Pacific, the Gulf, BRICS and the US to provide investors and policymakers with global insight.
The UK ranks 6 out of 30 in the map’s renewable energy index, which rates countries according to anticipated internal rates of return and associated risks.
The UK’s position in the index is boosted by its score for onshore wind and offshore wind.