EY’s latest Renewable Energy Country Attractiveness Index (RECAI) report has estimated that a further US$5.2 trillion is needed for the renewable energy development required to achieve net zero emissions worldwide. The accounting giant’s 57th RECAI report showed that global renewable energy capacity investments grew 2% to...
The UK has become more attractive to renewable energy investors – according to global auditing giant EY - after lifting its block on financial support for onshore wind and solar projects. In its latest Renewable Energy Country Attractiveness Index (RECAI), EY ranked the UK as the...
The UK has moved up one ranking to seventh in global accountancy firm Ernst & Young’s (EY) latest bi-annual Renewable Energy Country Attractiveness Index (RECAI), with China holding on to first place in the chart. The report, which ranks 40 countries attractiveness in the global renewables...
The electrification of mines will improve economics for mining companies while also reducing health and safety risks for workers, according to a new report commissioned by global consultancy firm EY. The report was based on a survey of miners and original equipment manufacturers (OEMs) conducted by...
Accountancy firm Ernst & Young (EY) has ranked China as the most attractive market for investment in renewable energy, despite the Asian powerhouse moving to cut subsidies for the industry last year. China made first place in EY’s annual Renewable Energy Country Attractiveness Index (RECAI) for...
A new report compiled by global accountancy firm EY for the Minerals Council of Australia (MCA) has found that 77% of Australian mining jobs will be enhanced or redesigned due to technology within the next five years. The research, titled The Future of Work: the Changing...
Investment firm Global Infrastructure Partners (GIP) has completed its acquisition of NRG Energy's US renewable energy business for a cash sum of US$1.3 billion. The deal has also cleared $6.7 billion worth of debt incurred by NRG and gives GIP 2.2GW of wind and 973MW of...
China has been ranked as the number one country in the world for renewable energy attractiveness by global accounting firm EY in its latest clean energy index. The Asian powerhouse fought off competition from India and the US in the Renewable energy country attractiveness index (RECAI),...
Africa experienced a growth in mining deals of 62% year-on-year up to US$5.8 billion in 2016, according to an Ernst & Young report on mergers and acquisition deals. This significant growth in deals on the continent comes at odds with global M&A trends, as volumes fell...
The total value of global oil and gas deals in 2016 reached US$395 billion, up from $340 billion in the previous year, despite volume of deals dropping by 27% year-on-year. Deal value in North America increased to $76 billion over the last year, compared to $43...