Canada Remains Static in Global Attractiveness for Renewables

Canada remains the ninth most attractive country in the world for renewable energies, according to the latest global analysis by Ernst & Young.
It scored 55 points on the ‘all renewables’ index in the August assessment, behind a rating of 70 for first-place United States and 66 for second-place Germany. China, India, Spain, Italy, Britain and France all ranked ahead of Canada, which was tied with Portugal. The balance of the top-25 rankings were Ireland, Greece, Australia, Sweden, Netherlands, Poland, Denmark, Belgium, Norway, Brazil, New Zealand, Japan, Turkey, Austria and Finland.

On the ‘all renewables’ index, Canada rose one point from the last assessment in March “on the back of provinces introducing their own legislation to introduce feed-in tariffs following the Canadian budget, which left established renewables technologies in the cold,” the report explains. “Quebec and Ontario have introduced new feed-in tariffs or, in the case of Ontario, a framework that allows the state energy authority to set the tariffs.”

For wind, Canada scored 60, with a ranking of 64 for onshore wind and 46 for offshore wind; 48 for biomass and 59 for infrastructure; but only 33 for solar and 31 for geothermal. Canada’s score on wind also rose one point since the last assessment due to support at the provincial level.

On wind, the United States was scored as most attractive country, followed by China, Germany, India, Britain, Spain, Canada (seventh spot), Italy, France, Ireland, Portugal, Greece, Sweden, Australia, Belgium, Netherlands, Poland, Denmark, Norway, New Zealand, Japan, Brazil, Turkey, Finland and Austria.

The Ernst & Young country attractiveness indices provide scores for national renewable energy markets, renewable energy infrastructures and their suitability for individual technologies. The main indices (all renewables and long-term wind) are referred to as long-term indices while the near-term wind index takes a two-year view with different parameters and weightings.

For the ‘all renewables’ index, it combines individual technology indices with wind (onshore and offshore) comprising 75%, 10% for solar (both PV and CSP), and 15% for biomass and other resources. Individual technology indices are derived from scoring 35% for general country-specific parameters (infrastructure) and 65% for technology-specific parameters.

The canadian association for renewable energies (we c.a.r.e.) promotes feasible applications of green power, green fuels and green heat.

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This release was published on openPR.