EY: Record Energy Investments are Failing to Keep the World on Track for the 2030 Renewables Target

Despite last year's surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below what is needed to meet the COP28 target of tripling renewable capacity by 2030. Network gridlock and high capital costs could also delay progress just when acceleration is needed, according to the latest EY Renewable Energy Country Attractiveness Index (RECAI 63).

Energy storage, including battery energy storage systems (BESS), can play a vital role in overcoming the network gridlock challenge, which has now reached acute proportions in many mature markets. This edition of RECAI takes a close look at BESS, exploring how it can offer lucrative opportunities for sophisticated investors.

To view the RECAI Top 40 in full, the normalized RECAI ranking and the corporate power purchase agreement index, as well as analysis of the latest renewable energy developments across the world, visit ey.com/recai.

View full story here.

_{Source:  EY}

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