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INDIA RETAINS 3RD RANK IN RECAI RELEASED BY EY

INDIA RETAINS 3RD RANK IN RECAI RELEASED BY EY

Context:

India has retained the 3rd rank in the Renewable Energy Country Attractiveness Index (RECAI) released by consultancy firm Ernst & Young (EY).

Key Points:

  • RECAI also highlights that corporate power purchase agreements (PPAs) are emerging as a key driver of clean energy growth, it added.
  • A new PPA Index added in this edition of RECAI - focuses on the attractiveness of renewable power procurement and ranks the growth potential of a nation’s corporate PPA market. India is ranked 6th among the top 30 PPA markets.
  • India's renewable energy market conditions, inclusive policy decisions, investment and technology improvements focusing on self-reliant supply chains have pushed the clean energy transition to new heights.
  • The report reveals that the drive to integrate increasing volumes of variable resources is set to put grid infrastructure under significant strain, and the investment required to upgrade and expand energy transmission infrastructure across the globe will be a key challenge.

About RECAI:

  • It ranks the world’s top 40 markets (nations) on the attractiveness of their renewable energy investment and deployment opportunities.

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