Cairo – Egypt advanced one position in the ranking of the most attractive countries for investment in the renewable energy sector, according to an index released by Ernst & Young for October. The survey shows that, out of 40 countries, Egypt occupied the 19th position, reaching 57.8 points, moving up from 20th place in May this year. Among the Arab nations, Egypt ranked second, just behind Morocco.
The United States ranked first in the consulting firm’s renewable energy index, with 72.8 points, followed by China, India, France, and the United Kingdom. In contrast, Kenya and Indonesia filled the last two places, respectively.
It is worth noting, since 2003, the index has been released twice a year, ranking the 40 best markets in the world in terms of investment attractiveness in the renewable energy sector and expansion probabilities. The ranking examines renewable energy projects launched by these countries and the adoption of technologies in production.
Additionally, the index assesses the productivity of these projects and their participation in meeting the countries’ energy needs, considering data on wind, solar, geothermal, and hydroelectric power. It provides an in-depth view of the renewable energy market and industry trends and challenges.
Translated by Elúsio Brasileiro
