Renewable energy auctions: Status and trends beyond price

RENEWABLE ENERGY AUCTIONSSTATUS AND TRENDS BEYOND PRICE 22© IRENA 2019Unless otherwise stated, material in this publication may be freely used, shared, copied, reproduced, printed and/or stored, provided that appropriate acknowledgement is given to IRENA as the source and copyright holder. Material in this publication that is attributed to third parties may be subject to separate terms of use and restrictions, and appropriate permissions from these third parties may need to be secured before any use of such material. About IRENA The International Renewable Energy Agency (IRENA) is an intergovernmental organisation that supports countries in their transition to a sustainable energy future and serves as the principal platform for international co-operation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy, in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity. www.irena.orgAcknowledgementsThis report is dedicated to the late Steve Sawyer, a major contributor to IRENA’s work on policy, including renewable energy auctions. This study was conducted under the guidance of Rabia Ferroukhi and developed by Diala Hawila, Carlos Guadarrama, Emanuele Bianco and Abdullah Abou Ali (IRENA). Valuable contributions were also received from Luiz Augusto Barroso, Gabriel Cunha, João Pedro, Ana Beatriz Carvalho Werlang, Juliana Xavier and Bernardo Vieira (PSR); Hugo Lucas Porta (Spanish Institute for Diversification and Energy Saving); Mats Marquardt (Factor) and Pablo del Río (CSIC). Expert reviewers also included Christian Redl (Agora Energiewende), Jesus Avila Camarena (CENACE); Lena Kitzing (DTU), Adil Hanif and Tiago Oliveira (EBRD); Moïra Jimeno (Eclareon); Wikus Kruger (EEG); Vasilios Anatolitis (Fraunhofer ISI); Federico Mandolini, Michele Panella and Andros Racchetti (GSE); Lisa Viscidi (Inter-American Dialogue); Rina Bohle Zeller (IRENA Coalition for Action – Vestas); Deepak Krishnan (IRENA Coalition for Action – WRI); Álvaro López-Peña (KPMG); Houssam Abou-Otmane, Abderrahim Jamrani and Khadija Hassani (MASEN); Silvana Tiedemann, Felix von Blücher and Fabian Wigand (Navigant – part of the AURES II consortium); Laszlo Szabo (REKK); Simeon Agada and Mike Luker (UK Department for Business, Energy and Industrial Strategy); Sarah Lawson (USAID); Johanna Koolemans-Beynen (US Energy Association); and Gabriela Elizondo Azuela and Zuzana Dobrotkova (World Bank) along with Luiz Maurer and Sandra Chavez (World Bank consultants).IRENA colleagues Emma Aberg, Serkan Ata, Rafael De Sá Ferreira, Sufyan Diab, Gerardo Escamilla, Jinlei Feng, Febin Kachirayil, Michael Renner, Naida Taso, and Badariah Yosiyana, and Divyam Nagpal (IRENA consultant) also provided valuable review and feedback. The editor of this report was Steven Kennedy.IRENA is grateful for the generous support of the Government of Germany and of the Government of Japan, which made the publication of this report a reality.Available for download: www.irena.org/publicationsFor further information or to provide feedback: info@irena.orgDisclaimerThe designations employed and the presentation of materials featured herein are provided on an “as is” basis, for informational purposes only, without any conditions, warranties or undertakings, either express or implied, from IRENA, its officials and agents, including but not limited to warranties of accuracy, completeness and fitness for a particular purpose or use of such content. The information contained herein does not necessarily represent the views of all Members of IRENA, nor is it an endorsement of any project, product or service provider. The designations employed and the presentation of material herein do not imply the expression of any opinion on the part of IRENA concerning the legal status of any region, country, territo ry, city or area or of its authorities, or concerning the delimitation of frontiers or boundaries.ISBN 978-92-9260-190-4Citation: IRENA (2019)Renewable energy auctions: Status and trends beyond price, International Renewable Energy Agency, Abu Dhabi INTRODUCTION 061. RECENT TRENDS IN RENEWABLE ENERGY AUCTIONS 081.1 Global overview and price trends 091.2 Regional trends 1 11.3 Price tre