Public tenders and auctions have driven 80% of current renewable energy capacity in Latin America and the Caribbean

ENERGIA LIMPIA XXI

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  • The Latin American Energy Organization (OLADE) and the Global Wind Energy Council (GWEC) have published a joint report Competitive Processes for Financing Renewable Energy Projects.
  • The report provides a comprehensive overview and analysis of financing frameworks such as auctions and Power Purchase Agreements (PPAs) in key markets in Latin America and the Caribbean and recommendations to continue accelerating renewable energy growth.
  • The report finds that 80 per cent of the current renewable capacity in Latin America and the Caribbean has been driven by public tenders and auctions, with PPAs playing an increasingly important role in driving down price and bringing in investors.
  • Stable, regular and technology specific auctions, as well as long-term USD-denominated PPA contracts are found to be the most effective in ensuring competitiveness and transparency in prices for renewable energy and ensure long-term sustainability of the industry.

ENERGIA LIMPIA XXI. 4 March 2020, Mexico City –…

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