India 4th in market potential for renewable energy: E&Y

Last Updated: Wednesday, November 07, 2012, 22:38

New Delhi: India has emerged as the fourth most attractive place globally in terms of its market potential for renewable energy after China, the US and Germany, a Ernst & Young report says.

According to the latest study by Ernst & Young-UBM India, India was ranked fourth on the renewable attractiveness index, while it was placed in the second position on the solar index and third on the wind index.

Others in the top 10 include, the UK (5th), followed by France and Italy in the sixth place (6th), Canada (8th), Japan (9th) and Brazil (10th).

India has been consistently ranked among the top five countries globally in terms of its market potential for renewable energy, as per the report.