Engineer working on a wind farm

Renewables Market Scanning Report

5 min read 16 October 2024 By Mark Turner, Partner, expert in Power and Low Carbon Solutions, and experts Caspian Conran, Eugenio Lupi, and Maddy Bins

Which are the most attractive markets for investing in renewable assets globally? 

According to Baringa’s Renewables Market Scanning Report, the US, India, and Great Britain (GB) are the most attractive markets for renewables investment: 

In the US, the Inflation Reduction Act has turbo-charged the energy transition and the profitability of US investments. India, ranked second, is moving away from a coal-based to a renewables-based grid. A key advantage of the market here is that the solar and wind levelized cost of energy (LCOEs) are some of the cheapest globally. In GB, ambitious decarbonisation targets—amplified by the new Labour government—are seeing renewed momentum for investment, signalled via the increase in CfD AR6 budget (a specific mechanism used by the UK government to support low-carbon electricity generation).

Find out more about the rankings, download the Renewables Market Scanning Report, created to enable investors and developers to scan the market and compare the attractiveness of renewables power assets.

About the report

The markets are scored according to capacity growth, profitability, market liquidity, ease of development, the policy environment, and macro risk. They are ranked across solar PV, offshore and onshore wind with the final scores providing insight on the strengths and weaknesses of key markets to help you shape your market scanning and entry decisions. 

Download the report for: 

  • Ranking of 60 markets modelled globally: US, Europe, Australia, Asia Pacific, India and Latin America
  • 45 pages of insights and regional commentary from our regional power market experts
  • Thematic insights highlighting the stories and trends that emerge

This is the summary report, to access the underlying data powered by Baringa's globally recognised Wholesale Power and Flexibility Market Reports, contact MarketReports@Baringa.com

 

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