Spain strengthens its position in the group of the ten most attractive countries for investment in renewable energies, remaining in eighth place compared to the previous year in this year's global ranking. According to the Renewable Energy Country Attractiveness Index (RECAI) report prepared by EY, the United States tops the list once again, followed by Germany, which displaces China for the first time and takes second place thanks to its commitment to clean energies.

Agustín Rico, partner in charge of EY's Energy Sector in Spain, believes that "the current economic outlook may favor incentives and investment in infrastructure projects, providing even more opportunities for the renewable energy industry to drive demand for green energy. Those players wishing to thrive in this new environment will need access to flexible financing and the entire energy value chain, as well as agility to operate in different jurisdictions." He adds: "Accelerating the building and strengthening of local supply chains is necessary to meet net-zero emissions targets.

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Spain is positioned as one of the main renewable powers in Europe, with the addition of 5.9 GW of new renewable capacity in 2022, making it the second European country in terms of installed clean energy capacity.

"The RECAI 61 report shows that governments around the world are placing renewables at the center of their energy policies and are implementing legislation to transform the market in response to national concerns about energy supply and affordability," EY's report highlights. "Recent global developments and countries' increased commitment to energy security have highlighted the limitations of relying on imported energy."

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