There’s a revolution happening in the world of renewable energy policy. At last count, 48 countries had adopted auction-based approaches to subsidizing renewables, with an additional 27 countries seriously considering the idea. The idea is simple (in theory). Set a target level of investment in renewable energy capacity, and then allocate these contracts to the lowest bidders. This idea is also somewhat polarizing because it marks a move away from “feed-in tariffs” which have been used in many countries, for many years, to subsidize renewable energy projects. The general trend that jumps out is the decline in prices through 2016. In 2017, this downward trend has continued.
Energy Post 16th Aug 2017 read more »