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Global Awarded Auctioned Renewable Energy Capacity Sharply Increases

3 September 2018

in Japanese

According to Bloomberg New Energy Finance (BNEF), renewable energy capacity awarded through auctions reached over 50 gigawatts (GW) in 2017 alone. That is a 51% increase from 2016, and about 4-6 times more than volumes awarded annually from 2013 to 2015.
 
Global Awarded Auctioned Renewables Capacity 2004-2017
Source: Frankfurt School-UNEP Centre/BNEF, Global Trends in Renewable Energy Investment 2018

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.     

<Related Links>
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 )
 

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