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Global renewable energy attractiveness score by country 2020

The United States is the most attractive country for renewable energy investments worldwide, with a RECAI score of 65.8. Mainland China ranked second, with a score of 62.4. The RECAI ranking is developed twice per year, and the higher the score of a country, the more attractive it is to renewable energy investments. The April 2020 score includes a COVID-19 parameter, taking into account economic vulnerability and risk factors.

Most attractive countries for renewable energy investments worldwide as of April 2020, based on RECAI score*

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Source

Release date

May 2020

Region

Worldwide

Survey time period

April 2020

Supplementary notes

* According to the source, "each parameter within five pillars comprises a series of datasets that are converted into a score 1-5 and weighted to generate parameter scores. These are then weighted again to produce pillar scores and then an overall RECAI score and ranking."
No information about maximum and minimum scores possible was provided by the source.

The source also provided the following information on COVID-19 correction parameters: "A new COVID-19 correction parameter has been added to the RECAI to reflect the impact of the pandemic, which we believe will have a short-term dampening effect on the renewable energy transition. The intention is to gradually reduce the weight of the parameter in future RECAI issues as the data feeding into the RECAI begins to reflect the impact of COVID-19. The new COVID-19 correction parameter is centered on three criteria, for which the market is given a score. The criteria are:
1) the strength of the market’s healthcare system
2) the size of the population at risk based on demographics
3) economic vulnerability
At this time, the parameter does not incorporate COVID-19 data (i.e., tests performed, cases and deaths reported). The inconsistent approaches to testing and reporting on the pandemic across different markets impairs direct comparability."

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