Global renewable energy

country attractiveness
and resource map
Global Cleantech Center
September 2014

Global renewable energy

country attractiveness and resource map

Global Cleantech Center 2014

To provide a global view of the renewable

energy landscape, the following maps present
renewable attractiveness and resource data
on the 40 countries that are included in EYs
Renewable Energy Country Attractiveness
Index (RECAI).
The RECAI ranks the attractiveness of 40 nations around the globe for
investment in renewable energy generation infrastructure. Published
since 2003, this widely quoted quarterly publication is an important
reference for industry specialists and investors worldwide.
The maps indicate the overall RECAI country ranking and score
as well as the RECAI technology-specic indices ranks.
In addition, the maps indicate key baseline renewable resource data
for each county, including installed renewable generation capacity,
capacity growth rate, new project pipeline and percentage of electricity
generated from renewable sources.
It is important to note that the overall and technology-specic RECAI
scores are the product of a variety of weighted inputs related to the
macroeconomic, energy market and renewable technology drivers in
a given country.
For more information on the index methodology, please contact
Klair White, RECAI Editor, at kwhite@uk.ey.com.

Global renewable energy country attractiveness and resource map

World
13 Netherlands

30 Norway

6.2

6.8

14 Belgium

21 Sweden

5.1

8.6

17 Denmark

6.3

8 France

15.8

5 Canada

3 Germany

13.6

76.4

7 United

Kingdom

18.4

31 Ireland

2 United

2.0

States

139.0
18 Portugal

6.0

22 Spain

24 Mexico

34.9

3.6

28 Morocco

0.5

Key
RECAI
rank

1 China

Installed
capacity (GW)

187.3

9 Brazil

26 Peru

19.0

0.6

Renewable installed
capacity 2013

Less than 2GW

2 to 5GW
5 to 25GW
25 to 40GW
More than 40GW

12 Chile

Note: For general comparability, renewable energy resources are presented in

lglYd[YhY[alq_mj]k3`go]n]j$alakaehgjlYfllgj][g_far]l`Yl[YhY[alq^Y[lgjk
nYjqkmZklYflaYddqZ]lo]]fl`]nYjagmkj]f]oYZd]j]kgmj[]lqh]k ]&_&$kgdYjnk&
oaf\nk&ZageYkk!$o`a[`Y^^][lY[lmYd_]f]jYlagf&
4

Global Cleantech Center 2014

1.6

Global
Installed capacity

702.8GW
Project pipeline

733.9GW

37 Finland

3.1

29 Poland

4.2

32 Romania

6.0

38 Russia

40 Ukraine

1.1

1.2

19 Turkey

4.4

4.8

35 Saudi

Arabia

25 Austria

6.7

34.9

187.3

0.3

33 Greece

4 Japan

1 China

27 Israel

11 South Korea

2.5

6 India

29.7

23 Taiwan

0.8

15 Italy

33.9

20 Thailand

3.3

34 Philippines

2.1

36 Kenya

0.4

39 Indonesia

3.3

10 Australia
16 South

Africa

8.2

0.3

Global renewable energy country attractiveness and resource map

Key
Regional
views and details

Global Cleantech Center 2014

Key
Overall
RECAI
ranking

CAGR installed
renewable
generation
capacity
200813
2013
installed
renewable
generation
capacity

Major
declared
top-line
renewable
goal

1
China

5yr CAGR

1&-g^fYd]f]j_q
consumption by 2015

22.5%
Onshore wind

GW now 187.3

Offshore wind

in pipeline

GW capacity
of renewable
projects
under way

265.9

Solar PV

75.1

Solar CSP

Overall score

3.5%

RE electricity

Overall RECAI
score is based
on a variety of
macroeconomic,
energy market
and renewable
technology
drivers

Percentage of
electricity generated
from non-hydro
renewable sources

Biomass
Geothermal
Hydro
Marine

1
2
1
4
1
12
1
19

RECAI technology indices ranks,

reecting a weighted average
across macroeconomic, energy
market and technology-specic
parameters

Sources and data notes

RECAI scores as of September 2014.
Renewable capacity and pipeline data are sourced from Bloomberg New Energy Finance as of 10 September 2014.
Pipeline capacity totals reect renewable projects at the following stages of development: nancing secured; permitted;
partially commissioned; and announced/planning begun.
Renewable energy electricity percentages are 2013 Business Monitor International estimates as of 10 September
2014 except for Belgium, Ireland and Norway. For these countries, the percentage is based on 2012 US Energy
Information Administration (EIA) data for non-hydro renewable generation capacity and total electricity generation as of
10 September 2014.
Global renewable energy country attractiveness and resource map

Asia-Pacic
1
China

4.5% of electricity by 2020

0.1%

5yr CAGR

GW now

1.1

in pipeline

2.3

Onshore wind
Offshore wind

Solar PV

40.9

Solar CSP

0.4%

Hydro

Overall score

RE electricity
Onshore wind

GW now 187.3

Offshore wind

265.9

in pipeline

Russia

1&-g^fYd]f]j_q
consumption by 2015

22.5%

5yr CAGR

Solar PV

75.1

Solar CSP
Biomass
Geothermal

Overall score

3.5%

Hydro

RE electricity

Marine

38

1
2
1
4
1
12
1
19

Biomass
Geothermal

Marine

38
22
35
27*
36
31
19
23

Japan

10% of energy mix

by 2020

10.3%

5yr CAGR

Onshore wind

GW now 34.9

Offshore wind

9.1

in pipeline

Solar PV

64.4

Solar CSP
Biomass
Geothermal

Overall score

4.4%

Hydro

RE electricity

Marine

10
9
3
27*
2
3
4
12

11
South
Korea

)-g^fYd]f]j_q
consumption by 2030

22.9%

5yr CAGR

GW now

2.5

in pipeline

8.5

Onshore wind
Offshore wind

Solar PV

55.4

Solar CSP
Biomass
Geothermal

Overall score

0.7%

Hydro

RE electricity

Marine

21
13
10
25
11
28
17
3

23
Taiwan
5yr CAGR

6
India
5yr CAGR

28.2%

GW now

0.8

in pipeline

0.8

Onshore wind
Offshore wind

Solar PV

49.4

55GW by 2017

Overall score

2.1%

16.2%
Onshore wind

GW now 29.7

Offshore wind

in pipeline

16.1% of total installed

electricity capacity by 2030

24.7

Solar PV

60.2
Overall score

3.8%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

RE electricity

8
19
4
3
15
13
7
11

Biomass
Geothermal
Hydro
Marine

34
Philippines

20

Thailand
5yr CAGR

Solar CSP

30
16
17
23
29
21
23
26

11.6%

GW now

3.3

in pipeline

3.6

5yr CAGR

14% of electricity
by 2022

Offshore wind

Solar PV

50.5
Overall score

4.8%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

1.3%

31
39
12
20
17
29
34
28

6.5

Overall score

14.5%

RE electricity

5yr CAGR

GW now
in pipeline

273.2GW

Solar PV

44.7

Australia

Installed capacity

Offshore wind

10

Region total

Onshore wind

GW now 2.1
in pipeline

Onshore wind

40% of electricity by 2020

22.0%
Onshore wind
Offshore wind

21.6

Solar PV

56.7
Overall score

5.8%

RE electricity

Biomass
Geothermal
Hydro
Marine

39
Indonesia

20% of electricity
by 2020

8.2

Solar CSP

37
30
29
22
28
7
22
6

Solar CSP
Biomass
Geothermal
Hydro
Marine

16
17
6
6
22
11
18
10

5yr CAGR

25% of primary energy

consumption by 2025

2.8%

GW now

3.3

in pipeline

3.8

Onshore wind
Offshore wind

Solar PV

40.9
Overall score

5.5%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

40
33
33
21
23
2
13
17

Project pipeline

347.1GW

* Joint ranking (note that for technologies such as solar CSP, geothermal and marine, a large no. of
countries can score zero, therefore all are on a joint ranking of the rank following the lowest non-zero number)

North America
5
Canada
5yr CAGR

No national target

16.2%
Onshore wind

GW now 13.6

Offshore wind

in pipeline

16.0

Solar PV

60.3
Overall score

5.0%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

4
11
7
24
12
19
5
4

2
United
States
5yr CAGR

No national target

9.4%
Onshore wind

GW now 139.0

Offshore wind

in pipeline

101.4

Solar PV

73.8

Solar CSP

Overall score

6.5%

RE electricity

Biomass
Geothermal
Hydro
Marine

2
3
2
1
3
1
3
9

24
Mexico
5yr CAGR

35% of electricity
by 2026

19.1%

GW now

3.6

in pipeline

8.5

Onshore wind
Offshore wind

Solar PV

48.7
Overall score

Region total

4.5%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

24
31
25
19
31
8
28
21

Installed capacity

156.1GW
Project pipeline

126.0GW

Global renewable energy country attractiveness and resource map

Europe

17
Denmark
5yr CAGR

7
United
Kingdom

6.3

in pipeline

1.3

Biomass
Geothermal

21.2%
14.9%

Hydro

RE electricity

Solar CSP
Biomass
Geothermal

Marine

Hydro

RE electricity

7
1
11
27*
5
18
26
1

Solar CSP

Overall score

Solar PV

50.6%

Solar PV

59.2

Offshore wind

Overall score

Offshore wind

56.2

Onshore wind

51.7

Onshore wind

GW now 18.4
in pipeline

10.1%

GW now

)-g^fYd]f]j_q
consumption by 2020

24.6%

5yr CAGR

+-g^fYd]f]j_q
consumption by 2020

Marine

14
7
30
27*
13
35*
37
16

8
France
5yr CAGR

*+g^fYd]f]j_q
consumption by 2020

19.1
Onshore wind

GW now 15.8

Offshore wind

in pipeline

7.5

Solar PV

58.5
Overall score

4.6%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

12
8
8
17
10
15
16
5

31
Ireland
5yr CAGR

).g^fYd]f]j_q
consumption by 2020

12.2%

GW now

2.0

in pipeline

4.4

Onshore wind
Offshore wind

Solar PV

45.3

Solar CSP
Biomass
Geothermal

Overall score

17.2%

Hydro

RE electricity

Marine

5
15
40
27*
21
33
32
2

15
Italy

18
Portugal
5yr CAGR

5yr CAGR

GW now

6.0
1.2

in pipeline

+)g^fYd]f]j_q
consumption by 2020

50.8
Overall score

Onshore wind
Offshore wind
Solar PV
Solar CSP
Biomass
Geothermal

28.1%

RE electricity

Hydro
Marine

23
21
23
18
24
16
20
7

Spain
5yr CAGR

11.0

Overall score

Region total
Installed capacity

250.8GW
Project pipeline

194.2GW

Global Cleantech Center 2014

17.0%

6.9%
+

in pipeline

Overall score

RE electricity

*(&0g^fYd]f]j_q
consumption by 2020

GW now 34.9

22.1%

RE electricity

4.5

52.5

22

50.2

10

25.4%

GW now 33.9

8.9%

in pipeline

)/g^fYd]f]j_q
consumption by 2020

Onshore wind
Offshore wind
Solar PV
Solar CSP
Biomass
Geothermal
Hydro
Marine

28
23
18
10
26
34
29
15

Onshore wind
Offshore wind
Solar PV
Solar CSP
Biomass
Geothermal
Hydro
Marine

22
20
15
11
14
6
11
22

21
Sweden

30
Norway
5yr CAGR

5yr CAGR

./&-g^fYd]f]j_q
consumption by 2020

1.6%

GW now

6.8

in pipeline

9.5

Onshore wind
Offshore wind

Solar PV

45.5

Solar CSP
Biomass
Geothermal

Overall score

1.5%

Hydro

RE electricity

Marine

-(fYd]f]j_q
consumption by 2020

10.8%

GW now

8.6

in pipeline

13.3

Onshore wind
Offshore wind

Solar PV

50.4

13
14
38
27*
25
27
8
8

Solar CSP
Biomass
Geothermal

Overall score

14.9%

Hydro

RE electricity

Marine

9
12
37
27*
7
24
12
13

37
Finland
5yr CAGR

+0g^fYd]f]j_q
consumption by 2020

6.5%

GW now

3.1

in pipeline

5.0

Onshore wind
Offshore wind

Solar PV

44.2
Overall score

15.7%

Solar CSP
Biomass
Geothermal
Hydro

RE electricity

Marine

17
10
39
27*
6
35*
33
31*

13
Netherlands
5yr CAGR

),g^fYd]f]j_q
consumption by 2020

9.3%

GW now

6.2

in pipeline

5.2

Onshore wind
Offshore wind

Solar PV

54.2

Solar CSP
Biomass
Geothermal

Overall score

14.1%

Hydro

RE electricity

Marine

11
6
21
27*
9
26
31
30

25

3
14
Belgium
5yr CAGR

Germany

5.1

in pipeline

2.7

52.8
Overall score

15.0%

RE electricity

16.9%

)0g^fYd]f]j_q
consumption by 2020;
30% by 2030
Onshore wind

GW now 76.4

Offshore wind

37.3%

GW now

5yr CAGR

)+g^fYd]f]j_q
consumption by 2020

Austria

Onshore wind
Offshore wind
Solar PV
Solar CSP
Biomass
Geothermal
Hydro
Marine

20
5
19
27*
16
20
30
31*

in pipeline

35.3

Solar PV

67.0
Overall score

21.7%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

5yr CAGR

3
4
5
26
8
9
10
27

,-g^fYd]f]j_q
consumption by 2020

5.5%

GW now

6.7

in pipeline

0.4

48.6
Overall score

14.4%

RE electricity

Onshore wind
Offshore wind
Solar PV
Solar CSP
Biomass
Geothermal
Hydro
Marine

19
39
24
27*
18
22
15
31*

Europe continued, next page

Global renewable energy country attractiveness and resource map

11

Europe

32
Romania

40
Ukraine
5yr CAGR

5yr CAGR

))g^fYd]f]j_q
consumption by 2020

131.5%

GW now
in pipeline

Onshore wind

1.2

Offshore wind

3.9

Solar PV

40.4
Overall score

1.1%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

*,g^fYd]f]j_q
consumption by 2020

21.5%

GW now

6.0

in pipeline

6.3

Onshore wind
Offshore wind

Solar PV

45.1

36
28
34
27*
33
35*
36
31*

Overall score

5.6%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

29
32
31
27*
34
25
27
31*

29
Poland
5yr CAGR

28.3%

GW now

4.2

in pipeline

16.7

)-g^fYd]f]j_q
consumption by 2020;
20% by 2030

46.3
Overall score

11.5%

RE electricity

Onshore wind
Offshore wind
Solar PV
Solar CSP
Biomass
Geothermal
Hydro
Marine

18
18
36
27*
19
17
25
31*

19
Turkey

33
Greece
5yr CAGR

26.1%

GW now

4.8

in pipeline

5.1

45.0
Overall score

15.1%

RE electricity

12

Global Cleantech Center 2014

5yr CAGR

*(g^fYd]f]j_q
consumption by 2020
Onshore wind
Offshore wind
Solar PV
Solar CSP
Biomass
Geothermal
Hydro
Marine

33
36
27
14
35
23
38
31*

25% of electricity by 2020;

30% by 2023

29.4%

GW now

4.4

in pipeline

4.7

Onshore wind
Offshore wind

Solar PV

50.7
Overall score

3.5%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

15
25
26
12
32
5
9
20

South America

26
Peru

40% of total energy

consumption by 2021

6.3%

5yr CAGR

GW now

0.6

in pipeline

1.2

Onshore wind
Offshore wind

Solar PV

48.0
Overall score

2.0%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

34
27
20
15
27
14
6
31*

12
Chile
5yr CAGR

10% of electricity
by 2024

9.7%

GW now

1.6

in pipeline

17.9

Onshore wind
Offshore wind

Solar PV

54.3
Overall score

7.1%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

25
24
9
2
20
10
14
14

9
Brazil
5yr CAGR

16% of total installed

electricity capacity by 2020

20.0%
Onshore wind

GW now 19.0

Offshore wind

in pipeline

28.5

Solar PV

57.0
Overall score

7.2%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

6
26
14
9
4
32
2
24

Region total
Installed capacity

21.2GW
Project pipeline

47.7GW

Global renewable energy country attractiveness and resource map

13

Middle East and Africa

27
Israel
5yr CAGR

28
Morocco
5yr CAGR

GW now
in pipeline

42% of electricity by 2020

9.5%
Onshore wind

0.5

Offshore wind

2.3

Solar PV

46.4
Overall score

4.3%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

27
35
28
7
39
35*
39
31*

-(g^fYd]f]j_q
consumption by 2020

55.4%

GW now

0.3

in pipeline

1.4

Onshore wind
Offshore wind

Solar PV

46.6
Overall score

1.0%

RE electricity

Solar CSP
Biomass
Geothermal
Hydro
Marine

35

39
37
16
8
38
35*
35
25

Saudi
Arabia

23.85GW by 2022;
54GW by 2032

N/A

5yr CAGR

GW now

0.0

in pipeline

0.1

Onshore wind
Offshore wind

Solar PV

44.6
Overall score

0.0%

Solar CSP
Biomass
Geothermal
Hydro

RE electricity

Marine

35
38
22
13
40
30
40
31*

36
Kenya
5yr CAGR

60% of energy from renewable

sources by 2030

7.0%
Onshore wind

GW now 0.4

Offshore wind

in pipeline

2.6

Solar PV

44.3
Overall score

44.49%
21.5%

Installed capacity

5yr CAGR

9% of electricity by 2030

22.6%

GW now

0.3

in pipeline

12.7

Onshore wind
Offshore wind

Solar PV

1.5GW

52.3

Project pipeline

RE electricity

19.1GW

Overall score

0.4%

Solar CSP
Biomass
Geothermal
Hydro
Marine

Geothermal

Marine

16

Region total

Biomass

Hydro

RE electricity

South
Africa

Solar CSP

26
29
13
5
37
35*
21
18

32
34
32
16
30
4
24
29

Global renewable energy country attractiveness and resource map

15

Contacts
Gil Forer
Global Cleantech Leader
+1 212 773 0335
gil.forer@ey.com
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Global Markets Leader
+1 617 585 3524
scott.sarazen@ey.com
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Global Cleantech
Transactions Leader
+44 20 7951 6024
bwarren@uk.ey.com
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Global Cleantech and CCaSS
Tax Leader
+1 614 232 7142
paul.naumoff@ey.com
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Global Cleantech Assurance
Leader
+1 415 894 8032
heather.sibley@ey.com
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Advisory Services Resident
Manager
+1 212 773 5156
nicola.marshall@ey.com
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Director, Account
Enablement
+1 201 872 1632
john.de_yonge@ey.com
Scott E. Anderson
Global Marketing Director,
Cleantech
+1 201 872 1292
scott.anderson@ey.com
Lily Donge
Global Knowledge Leader
+1 202 327 6796
lily.donge@ey.com
Alex Desbarres
Global Strategic Analyst
+44 20 7951 7078
adesbarres@uk.ey.com

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