1、StartContentsRenewable Energy Country Attractiveness Index 6102Foreword RECAI 61PPA indexKey developmentsAnalysisRegional focusData and methodologyContactsNormalized indexForeword 03RECAI 61 04Renewables highlights from around the worldKey developments07How market actions are impacting the global jo

2、urney toward net zeroAnalysis13India:working round the clock to cement its investible position in renewable energyRegional focus18RECAI 61Normalized indexPPA IndexData and methodology21Contacts27Normalized index05PPA index06Renewable Energy Country Attractiveness Index 6103Ben Warren RECAI Chief edi

3、tor Partner,Renewables Corporate Finance,Ernst&Young LLPForeword Thelimitationsofrelyingonimportedenergyhavebeenhighlightedbyrecentworldeventsandmarketsstrengthenedcommitmenttoenergysecurity.Thecurrenteconomicclimate,withitsinflationarypressures,couldfacilitatespendingandincentivesforinfrastructurep

4、rojects,enablingevengreateropportunitiesfortherenewablesindustrytoturbochargegreenenergydemand.Innovative,game-changingpolicyincludingtheUSInflationReductionActissettoboostabroadrangeofassetclasses.TheActhasacceleratedinvestmentintocleanenergy(andotherdecarbonizationinvestments),butriskscausinganimb

5、alanceininternationalcapitalallocation.Playerslookingtoflourishinthisnewenvironmentwillneedaccesstoflexiblecapitalandthefullenergyvaluechain,plusagilitytooperateinmultiplejurisdictions.Indiaisconsolidatingitsleadingpositionforsolarandisonitswaytobecominganexporterofgreenammoniaandhydrogen.Keytakeawa

6、ysNo one said the path to net zero would be a smooth one.Decarbonizing our world is,undoubtedly,the biggest challenge of the century.It will require all hands on deck;a plethora of hurdles will need to be overcome,and courageous decisions will have to be made.Indeed,headwindshaveemergedinthecurrentm