Why Choose Auctions?
Renewable energy auctions allow policymakers to procure clean energy at competitive prices by assisting in price discovery and reducing windfall profits for power producers. Read the fact sheet
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USAID has compiled a library of resources from the Renewable Energy Auctions Toolkit and external sources to support the development and implementation of reverse energy auctions.
Renewable energy auctions allow policymakers to procure clean energy at competitive prices by assisting in price discovery and reducing windfall profits for power producers. Read the fact sheet
The Policymaker’s Guide introduces key auction design concepts for energy ministries, utilities, regulators, and other stakeholders who make decisions on the design of renewable energy auctions. Read the guide
Following 800 renewable energy auctions in 61 countries, it is now possible to identify some common stages of design and implementation that auction programs move through as they mature. Read the fact sheet
The auction design process allows policymakers to align policy objectives early and tailor the auction to policy objectives, level of market readiness, and institutional capabilities. Read the fact sheet
Policymakers must carefully select and balance conditions, such as qualification requirements and ceiling prices, that bidders must comply with to participate in a renewable energy auction. Read the fact sheet
Penalties, backed by financial guarantees, can help mitigate risks by ensuring the seriousness of bids and reducing the chance of project delays, non-completion, and underperformance during the operation phase. Read the fact sheet
There are ten important features in a bankable power purchase agreement that will help address and mitigate risks to the power purchase producer’s ability to pay off its lenders. Read the fact sheet
The white paper analyzes design solutions for system-friendly renewable energy procurement in Bangladesh and provides recommendations on their implementation. Read the white paper
Key design elements of successful, system-friendly, renewable energy procurements include time-based incentives and penalties, aggregators or virtual hybrids, procurement of physical hybrid solutions, and location-based incentives. Read the white paper
Countries must decide which technologies should compete in the auction. Based on the policy objectives and the stage of the auction program, countries can choose from a broad technology spectrum. Read the white paper
The National Renewable Energy Laboratory and USAID provide expertly curated information and guidance to support countries in power system transformation and grid modernization. Visit the website
Grid operators and regulators can use variable renewable energy (VRE) generation forecasting as a cost-effective method for addressing barriers to the grid integration of VRE. Read the white paper
Policymakers can improve a national power system’s operations and dramatically cut costs by increasing the power system’s flexibility to integrate large amounts of variable renewable energy. Read the white paper
Energy stakeholders outline barriers to scaling up variable renewable energy (VRE) in Bangladesh and present solutions to spur growth in grid-connected renewables. Read the white paper
India explores how this new renewable energy procurement approach reduces the costs to the system, minimizes intermittency, and matches power supply and demand. View the webinar
This three-day event introduced participants to advanced procurement trends and helped them develop new skills in designing and modifying renewable energy competitive procurements. View the presentations
India explores procurement design solutions that help minimize both generation and system integration costs. Solutions include time-based incentives and penalties, aggregators or virtual hybrids, physical hybrids, and locational signals. View the presentation
Tanzania examines factors influencing auction prices worldwide, auction design, and bankable power purchase agreements, as well as how to use government support when addressing barriers to financing renewable energy investments. View the presentations
Senegal explores relevant technical and financial requirements for in-house competitive bidding processes. View the presentations
USAID is helping Colombia develop policy, regulatory, and business environments to procure renewable energy through auctions. The auction represents an opportunity to bring low-cost renewable energy, while promoting investment in Colombia’s energy sector. Visit the website
Mexico has implemented a major restructuring of its power sector which, with assistance from USAID, resulted in some of the world’s most competitive renewable energy prices. Visit the website
USAID partners with the Kazakhstan Electricity and Power Market Operator to design and implement auctions, helping the country transition to a climate-resilient economy and meet its ambitious renewable energy targets. Visit the website
USAID partners with India’s Ministry of New and Renewable Energy to accelerate the deployment of utility-scale renewable energy through innovative competitive procurement frameworks. Visit the website
After awarding nine power purchase agreements, Colombia engages the private sector to ensure renewable energy projects are completed. Read the case study
ndia releases two system-friendly renewable energy procurements that lower generation and integration costs—major milestones in the country’s transition to a renewable energy future. Read the fact sheet
This report analyzes best practices and lessons learned from implementation of renewable energy incentives and policies in the Association of Southeast Asian Nations (ASEAN) member states. Read the report
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