Germany was the most attractive country for clean technology in Europe last year, with the UK in second spot, according to research by EY.
EY analysis found Germany accounted for 19.4% of foreign direct investment (FDI) in Europe for cleantech or 67 projects.
The UK attracted 59 cleantech projects in 2020 or 17.1% of all such European projects.
Cleantech accounted for 6.1% of all UK FDI-supported projects in 2020, in line with the equivalent European figure of 6.2% – 346 cleantech projects out of a total of 5578.
Cleantech projects were deemed to be those which involved investment in energy transition, biodiversity, sustainability or the pursuit of Net Zero targets – such as investments in wind turbine manufacture, electric vehicle charging point roll-outs or the expansion of green-focused companies.
London and Scotland were the UK’s joint-most important locations for FDI-backed cleantech projects in 2020, securing 11 projects each.