Spain Exits Renewables Top 10 After Curbing Subsidies, E&Y Says
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Spain, the top-ranked renewable-energy market for investors five years ago, dropped out of the top 10 after suspending subsidies for new clean power generation, an Ernst & Young survey found.
China held on to the lead position as investors looked away from Europe, where debt-burdened governments have reduced aid for solar and wind power projects, Ernst & Young said today as it published the Renewable Energy Country Attractiveness Index. Spain tied with Australia as the 11th best place to invest.