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India has been placed in the second spot in the renewable energy country attractiveness index by EY. The UK accountancy firm noted the fast pace of growth in Indian renewable energy in the past three years. Over 10 gigawatt (Gw) of solar power was added between 2015 and 2017 and wind energy capacity grew to 5.4 Gw in 2017-18.It, however, noted that such low tariffs raised questions over the risks being taken by the project developers. EY said falling bids tracked lower technology costs and cheaper capital, allowing developers to maintain margins. But those margins were already squeezed by competition.