California ranked most attractive for renewable energy

California ranked No. 1 in terms of its attractiveness to renewable energy investments for 2011, as reported in a recent article by socalTECH about a new study from accounting firm Ernst & Young.
The report ranked U.S. states based on wind, geothermal solar energy investments and pointed to California’s favorable regulatory environment and offtake prices as reasons for the state’s investment attractiveness. New Mexico came in second place, followed by Colorado in third, Hawaii in fourth, and Massachusetts and Texas tied for fifth place.