17 June 2015
In response to policy makers’ increasing interest in the auction scheme, IRENA has developed the report Renewable Energy Auctions, a Guide to Design and Best Practices, to highlight best practices for policy makers and investors. The guidebook analyses the design elements characterizing auctions and the tradeoffs that must be considered when selecting them. The guidebook provides recommendations on how the different design elements can be combined and tailored to fulfil renewable energy deployment targets and broader policy goals. The findings of the report were presented in the workshop on Renewable Energy Auctions Design and Best Practices. Moreover, an expert panel discussed the strengths and weaknesses of auctions. Country representatives shared their experience in the implementation of auctions.