Recent reports have revealed that the in Europe, if any country is offering best of the investment opportunities for renewable energy it's not Germany, Denmark or the UK but Austria.

Accommodating the population of 8.27 million, the country has led the European countries in the Energy Investment Map. The report regarding the same was compiled by the UK firm PA Consulting Group.

Austria is 114th largest country in the world. The map evaluates the investment credentials of European countries and also the business case and risk assessment factors for 10 technologies. Austria led its fellow countries because of its wind, hydro and biomass investment opportunities.

Closely following it are Norway and Denmark standing second and third respectively. Sweden stood at fourth place, followed by the UK at fifth place and Germany at sixth.

"Comparing the scores for all the renewable technologies in each country, we found that Austria came out on top. It has very high feed-in tariffs and high capacity factors for wind, biomass and hydro", said PA Consulting.

Austria is characterized by energy mix. It doesn't generate any nuclear power and up to 60%of the same comes from hydropower. In 2012, the electricity production in Australia was 69 billion kWh while consumption during the same was 63.8 billion kWh.