Global Awarded Auctioned Renewables Capacity 2004-2017
Auctions provide transparency on costs and foster competition enabling reduction in renewable energy prices. Announced well in advance, they also give developers a clearer sight of opportunities ahead.
Auctions are now a particularly popular policy tool in Asia (especially in India and China), Europe (Germany, France, Spain), Central & South America (Brazil, Mexico), as well as the Middle East & North Africa.
In 2017, auctions delivered impressive results such as onshore wind and solar photovoltaic at around $2 cents per kilowatt-hour in Mexico, or subsidy free offshore wind power in Germany and the Netherlands.
Trends regarding the expansion of global corporate power purchase agreements of clean power have already been reported in:
"With a Surge in Asia Pacific, Corporations’ Purchase of Clean Power Reached Record High in 2017"
(26 March 2018 )