Japan could get a chunk of the $210b of future global investments over the next five years.
About 43% of institutional investors consider Japan as an attractive renewables market. It was one of the only two Asian countries, Australia being the other one, that topped the rankings of renewables markets in Octopus Group’s survey of 100 institutional investors.
The UK was the most attractive for institutional investors as 61% of respondents said they would consider investing. Other top picks by investors include the Nordics, Italy, France, and Germany.
Meanwhile, South Korea and China joined the list of countries which were the most unattractive markets, led by Latin America and the Middle East.
Octopus Group added that institutional investors are expected to almost double their spending on renewable energy over the next five years, investing an additional $210b in the industry.
Utility-scale solar was the favourite type of renewables investment, with 43% of the surveyed institutions investing in the sector, followed by onshore and offshore wind (both 28%), hydro (27%) and biomass/energy from waste (24%).
Do you know more about this story? Contact us anonymously through this link.