Big4.com Reviews Ernst & Young's Recent Findings Showing Diversity in US Market and Record Development in Wind and Solar Projects

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American renewable energy investment in solar and wind technologies dominated the global market, propelling the United States past China into the leadership position.

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reviewed Ernst & Young’s latest quarterly Renewable Energy Country Attractiveness Index (CAI), which was recently released and shows that in 2011, American renewable energy investment in solar and wind technologies dominated the global market, propelling the United States past China into the leadership position.

While California’s dominance of the All Renewables Index was anticipated, the top five rankings of states like Colorado, Massachusetts and Texas demonstrate a commitment to growing energy infrastructures across the nation. For instance, New Mexico and Colorado came in second and third respectively in the “All Renewable Index” because of consistent growth and strong potential across all renewable energy technologies. Massachusetts and Texas tied for fifth with a strong draw for solar and wind investment respectively.

In addition to providing a baseline for future reports which will be released semiannually, the United States Renewable Attractiveness Indices looks at issues that will enhance or impair further development in the renewable energy markets, such as incentives like the Production Tax Credit, wind power’s key incentive. The continuance of this tax credit would have a significant impact on what has become a thriving domestic manufacturing sector.

Michael Bernier, Senior Manager, National Tax, Ernst & Young LLP commented, "The State Attractiveness Indices data enables us to look at specific states and regions and understand what they are doing with renewable energy development and infrastructure on a microscopic level.” He said, “It enables us to fine-tune the discussion about the overall US market.

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Kristy Short
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