Renewable Energy Auctions: Lessons from the Global South

Renewable Energy Auctions provides an overview of renewable energy auctions globally, focusing on the Global South, where auctions have been pioneered and provided most transformative results. The book analyzes the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India to improve how auctions are designed and implemented globally. It argues that choices around the auction implementing institution and the procurement process are overlooked and that successful price and investment outcomes are dependent upon integration of all three levels of auction design and implementation.

Format: Hardback
Length: 512 pages
Publication date: 16 November 2023
Publisher: Oxford University Press

Renewable Energy Auctions: A Global Perspective

Renewable energy auctions have emerged as a dominant mechanism for securing utility-scale renewable energy projects worldwide, particularly in the Global South, where they have achieved remarkable transformative results. These auctions have gained prominence due to their ability to secure cost-efficient tariffs, making them an attractive option for developers and investors.

The rise of auctions has been particularly rapid and impactful in the Global South, where numerous countries have secured renewable energy supplies at record-breaking prices. This book delves into the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India, with the aim of improving the design and implementation of auctions globally.

While auction design primarily focuses on the micro-economics of design choices, this book extends its scope to include auction implementation. The authors argue that choices surrounding the auction implementing institution and the procurement process often go overlooked in publications on the subject, yet they play a crucial role in determining auction outcomes.

Moving beyond the program level of analysis, the book examines the impacts of both country-level factors and project-level factors on auction outcomes. It highlights that successful price and investment outcomes are contingent upon the integration of all three levels of auction design and implementation.

In conclusion, renewable energy auctions have revolutionized the landscape of renewable energy development, particularly in the Global South. By leveraging cost-efficient tariffs and innovative auction designs, countries have been able to secure renewable energy supplies at competitive prices, driving sustainable growth and reducing greenhouse gas emissions. This book provides valuable insights into the experiences of frontier auction markets and offers recommendations for improving auction implementation globally, ensuring that successful price and investment outcomes are achieved.

Weight: 1000g
Dimension: 165 x 242 x 34 (mm)
ISBN-13: 9780192871701