EY lists India as world’s most attractive solar market
- Admin
- Apr 26, 2024
- 1 min read
Ernst & Young has ranked India as the most attractive destination for PV investment, followed by China and the United States. The United States leads in overall renewables investment with significant solar and standalone battery storage capacity. Germany aims for 80% renewables by 2030. India is focused on becoming a major producer and exporter of green hydrogen, with ambitious government targets and a growing solar industry. The country promotes domestic manufacturing of renewable energy components and has a fast rate of renewable electricity growth, aiming to achieve 500 GW of renewables capacity by 2030 and net-zero emissions by 2070.
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