Canada ranks among top 10 locations for renewable energy investment: Ernst & Young
This entry was posted on Wednesday, July 21st, 2010 and is filed under Green Energy, Industry News, Renewable Financing.
Shift to green providing economic stimulus to Canada’s provinces
Canada is the ninth most attractive location in which to invest in renewable energy projects, according to Ernst & Young’s latest Renewable energy country attractiveness indices.
Canada retained ninth position out of 27 countries analyzed for their attractiveness for renewable energy infrastructure investment – increasing the score gap over Portugal and Ireland, both ranked tenth – driven by the stability and resilience of the Canadian financial system during the ongoing capital market challenges around the globe.
“Canada is holding firm while some others have slipped in an uncertain economic and regulatory environment,” said Stephen Lewis, leader of Ernst & Young’s Renewable Energy Advisory practice in Canada. “We’re seeing some significant activity that is increasing the share of renewables in Canada’s energy mix, but if we want to be seen as a market leader, more work will be required from all stakeholders in the industry.”
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