ERNST & YOUNG SRL

  |  25.02.2014

Decrease of global investments in renewable energy industry in 2013 intensified orientation toward innovation and improvement in 2014

Despite a decrease of 11% of global investment in renewable energy in 2013, there are optimistic signs in the market, given by the abundance of opportunities in new markets, new technologies and new sources of capital, shows the quarterly report EY - Renewable energy country Attractiveness index (RECAI).

The shining stars of Eastern Europe, Poland and Romania, unexpectedly lost their sparkle in 2013. With both markets poised
for a solar boom on the back of generous green certiļ¬ cate (GC) allocations, policy U-turns saw Romania freeze and then cut
its subsidies, while Poland is to abandon its revised GC scheme in favor of an auction process. Whether they are able to bounce
back in 2014 remains to be seen.

 

For more information, please see the attached report.

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