Renewable Energy Auctions: Lessons from the Global South

Renewable Energy Auctions: Lessons from the Global South

Author:

Publisher: Oxford University Press

Published: 2023-11-16

Total Pages: 513

ISBN-13: 0192699660

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Renewable Energy Auctions provides an overview of renewable energy auctions globally, focusing on the Global South, since this is where auctions have been pioneered and provided most transformative results. Renewable energy auctions have become the dominant method for contracting utility-scale renewable energy projects, in large part due to the cost-efficient tariffs secured through this method. The ascent of auctions has been particularly rapid and transformative in the Global South, where many countries have secured renewable energy supplies at record-breaking prices. This book analyses the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India, with the aim of improving how auctions are designed and implemented globally. The book goes beyond the topic of auction design - which is concerned with the micro-economics of design choices - to include auction implementation. Across ten chapters, the authors argue that choices around the auction implementing institution and the procurement process are overlooked in most publications on the subject, yet this is often a key factor for determining outcomes. Moving beyond the program level of analysis (auction design and implementation), the book includes both country and project level factors' impacts on auction outcomes, ultimately highlighting that successful price and investment outcomes are dependent upon integration of all three levels of auction design and implementation.


Book Synopsis Renewable Energy Auctions: Lessons from the Global South by :

Download or read book Renewable Energy Auctions: Lessons from the Global South written by and published by Oxford University Press. This book was released on 2023-11-16 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable Energy Auctions provides an overview of renewable energy auctions globally, focusing on the Global South, since this is where auctions have been pioneered and provided most transformative results. Renewable energy auctions have become the dominant method for contracting utility-scale renewable energy projects, in large part due to the cost-efficient tariffs secured through this method. The ascent of auctions has been particularly rapid and transformative in the Global South, where many countries have secured renewable energy supplies at record-breaking prices. This book analyses the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India, with the aim of improving how auctions are designed and implemented globally. The book goes beyond the topic of auction design - which is concerned with the micro-economics of design choices - to include auction implementation. Across ten chapters, the authors argue that choices around the auction implementing institution and the procurement process are overlooked in most publications on the subject, yet this is often a key factor for determining outcomes. Moving beyond the program level of analysis (auction design and implementation), the book includes both country and project level factors' impacts on auction outcomes, ultimately highlighting that successful price and investment outcomes are dependent upon integration of all three levels of auction design and implementation.

Electricity Auctions

Electricity Auctions

Author: Luiz Maurer

Publisher: World Bank Publications

Published: 2011

Total Pages: 181

ISBN-13: 0821388223

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Virtually every country in the world faces the challenge of designing the regulatory and financial mechanisms that ensure cost-effective procurement of generation to supply electricity demand. Historically, procurement of generation has been particularly difficult in the emerging economies of Asia, Latin America and Africa. High and usually volatile load growth rates, limited access to financing and immature electricity markets have presented obstacles that have introduced challenges to the procurement process. More recently, environmental concerns regarding land use, impact on biodiversity, indigenous populations, and greenhouse gasses emissions have added layers of complexity. Over the last 7 years, auctions for long-term electricity contracts have been getting increased attention within the electricity sector community as thet have emerged as a successful mechanism to procure new generation capacity. Among the reasons for such widespread interest is the large amount of capacity that has been already contracted from diverse technologies (conventional generation, large hydroelectric plants, renewable), under a variety of innovative auction arrangements and mechanisms, sometimes with multiple buyers and sellers taking part in the process. Auctions have been attracting a broad range of investors, from large established companies to new local and foreign independent power producers, and first-time power system investors. This book presents a comprehensive overview of the international experience in electricity auctions, focusing on the procurement of long-term electricity contracts to foster new generation capacity. To this end, several relevant case studies were selected. While focus is given to emerging countries, insightful experiences from developed markets are reported as well. The book reveals the subtlety and complexity of trading and contracting for firm generation in the current power industry and the multiplicity of formats that the corresponding regulatory instruments may adopt. Lessons learned - both positive and negative - regarding policy formulation and implementation which should be of interest to policy makers, government authorities, regulators and power sector stakeholders.


Book Synopsis Electricity Auctions by : Luiz Maurer

Download or read book Electricity Auctions written by Luiz Maurer and published by World Bank Publications. This book was released on 2011 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Virtually every country in the world faces the challenge of designing the regulatory and financial mechanisms that ensure cost-effective procurement of generation to supply electricity demand. Historically, procurement of generation has been particularly difficult in the emerging economies of Asia, Latin America and Africa. High and usually volatile load growth rates, limited access to financing and immature electricity markets have presented obstacles that have introduced challenges to the procurement process. More recently, environmental concerns regarding land use, impact on biodiversity, indigenous populations, and greenhouse gasses emissions have added layers of complexity. Over the last 7 years, auctions for long-term electricity contracts have been getting increased attention within the electricity sector community as thet have emerged as a successful mechanism to procure new generation capacity. Among the reasons for such widespread interest is the large amount of capacity that has been already contracted from diverse technologies (conventional generation, large hydroelectric plants, renewable), under a variety of innovative auction arrangements and mechanisms, sometimes with multiple buyers and sellers taking part in the process. Auctions have been attracting a broad range of investors, from large established companies to new local and foreign independent power producers, and first-time power system investors. This book presents a comprehensive overview of the international experience in electricity auctions, focusing on the procurement of long-term electricity contracts to foster new generation capacity. To this end, several relevant case studies were selected. While focus is given to emerging countries, insightful experiences from developed markets are reported as well. The book reveals the subtlety and complexity of trading and contracting for firm generation in the current power industry and the multiplicity of formats that the corresponding regulatory instruments may adopt. Lessons learned - both positive and negative - regarding policy formulation and implementation which should be of interest to policy makers, government authorities, regulators and power sector stakeholders.

Renewable Auction Design in Theory and Practice

Renewable Auction Design in Theory and Practice

Author: Michael Hochberg

Publisher:

Published: 2018

Total Pages: 54

ISBN-13: 9781784671068

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Book Synopsis Renewable Auction Design in Theory and Practice by : Michael Hochberg

Download or read book Renewable Auction Design in Theory and Practice written by Michael Hochberg and published by . This book was released on 2018 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Local Content Requirements

Local Content Requirements

Author: Gary Clyde Hufbauer

Publisher: Peterson Institute for International Economics

Published: 2013-10-07

Total Pages: 272

ISBN-13: 0881326801

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In the wake of the Great Recession of 2008–09, economists feared that protectionist policies might sweep the world economy, echoing the wave of tariff escalations during the Great Depression of the 1930s. To some surprise, officials were more restrained and largely avoided traditional forms of protection (tariffs and quotas), leading some observers to underestimate the incidence of new protectionism. In fact, policymakers increasingly turned to more opaque behind-the-border nontariff barriers (NTBs). Using a combination of statistical analysis and case studies, the authors show that local content requirements (LCRs), a form of NTB, have become increasingly popular. How much was global trade actually reduced on account of LCRs? A conservative estimate might be $93 billion. Case studies featured cover the healthcare sector in Brazil, wind turbines in Canada, the automobile industry in China, solar cells and modules in India, oil and gas in Nigeria, and “Buy American” restrictions on government procurement in the United States.


Book Synopsis Local Content Requirements by : Gary Clyde Hufbauer

Download or read book Local Content Requirements written by Gary Clyde Hufbauer and published by Peterson Institute for International Economics. This book was released on 2013-10-07 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the Great Recession of 2008–09, economists feared that protectionist policies might sweep the world economy, echoing the wave of tariff escalations during the Great Depression of the 1930s. To some surprise, officials were more restrained and largely avoided traditional forms of protection (tariffs and quotas), leading some observers to underestimate the incidence of new protectionism. In fact, policymakers increasingly turned to more opaque behind-the-border nontariff barriers (NTBs). Using a combination of statistical analysis and case studies, the authors show that local content requirements (LCRs), a form of NTB, have become increasingly popular. How much was global trade actually reduced on account of LCRs? A conservative estimate might be $93 billion. Case studies featured cover the healthcare sector in Brazil, wind turbines in Canada, the automobile industry in China, solar cells and modules in India, oil and gas in Nigeria, and “Buy American” restrictions on government procurement in the United States.

Renewable Energy Auctions

Renewable Energy Auctions

Author: Anton Eberhard

Publisher: Oxford University Press

Published: 2024-02-16

Total Pages: 513

ISBN-13: 0192871706

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Renewable Energy Auctions provides an overview of renewable energy auctions globally, focusing on the Global South, since this is where auctions have been pioneered and provided most transformative results. Renewable energy auctions have become the dominant method for contracting utility-scale renewable energy projects, in large part due to the cost-efficient tariffs secured through this method. The ascent of auctions has been particularly rapid and transformative in the Global South, where many countries have secured renewable energy supplies at record-breaking prices. This book analyses the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India, with the aim of improving how auctions are designed and implemented globally. The book goes beyond the topic of auction design - which is concerned with the micro-economics of design choices - to include auction implementation. Across ten chapters, the authors argue that choices around the auction implementing institution and the procurement process are overlooked in most publications on the subject, yet this is often a key factor for determining outcomes. Moving beyond the program level of analysis (auction design and implementation), the book includes both country and project level factors' impacts on auction outcomes, ultimately highlighting that successful price and investment outcomes are dependent upon integration of all three levels of auction design and implementation.


Book Synopsis Renewable Energy Auctions by : Anton Eberhard

Download or read book Renewable Energy Auctions written by Anton Eberhard and published by Oxford University Press. This book was released on 2024-02-16 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable Energy Auctions provides an overview of renewable energy auctions globally, focusing on the Global South, since this is where auctions have been pioneered and provided most transformative results. Renewable energy auctions have become the dominant method for contracting utility-scale renewable energy projects, in large part due to the cost-efficient tariffs secured through this method. The ascent of auctions has been particularly rapid and transformative in the Global South, where many countries have secured renewable energy supplies at record-breaking prices. This book analyses the experiences of frontier auction markets in Latin America, sub-Saharan Africa, and India, with the aim of improving how auctions are designed and implemented globally. The book goes beyond the topic of auction design - which is concerned with the micro-economics of design choices - to include auction implementation. Across ten chapters, the authors argue that choices around the auction implementing institution and the procurement process are overlooked in most publications on the subject, yet this is often a key factor for determining outcomes. Moving beyond the program level of analysis (auction design and implementation), the book includes both country and project level factors' impacts on auction outcomes, ultimately highlighting that successful price and investment outcomes are dependent upon integration of all three levels of auction design and implementation.

Vector Generalized Linear and Additive Models

Vector Generalized Linear and Additive Models

Author: Thomas W. Yee

Publisher: Springer

Published: 2015-09-11

Total Pages: 589

ISBN-13: 149392818X

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This book presents a greatly enlarged statistical framework compared to generalized linear models (GLMs) with which to approach regression modelling. Comprising of about half-a-dozen major classes of statistical models, and fortified with necessary infrastructure to make the models more fully operable, the framework allows analyses based on many semi-traditional applied statistics models to be performed as a coherent whole. Since their advent in 1972, GLMs have unified important distributions under a single umbrella with enormous implications. However, GLMs are not flexible enough to cope with the demands of practical data analysis. And data-driven GLMs, in the form of generalized additive models (GAMs), are also largely confined to the exponential family. The methodology here and accompanying software (the extensive VGAM R package) are directed at these limitations and are described comprehensively for the first time in one volume. This book treats distributions and classical models as generalized regression models, and the result is a much broader application base for GLMs and GAMs. The book can be used in senior undergraduate or first-year postgraduate courses on GLMs or categorical data analysis and as a methodology resource for VGAM users. In the second part of the book, the R package VGAM allows readers to grasp immediately applications of the methodology. R code is integrated in the text, and datasets are used throughout. Potential applications include ecology, finance, biostatistics, and social sciences. The methodological contribution of this book stands alone and does not require use of the VGAM package.


Book Synopsis Vector Generalized Linear and Additive Models by : Thomas W. Yee

Download or read book Vector Generalized Linear and Additive Models written by Thomas W. Yee and published by Springer. This book was released on 2015-09-11 with total page 589 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a greatly enlarged statistical framework compared to generalized linear models (GLMs) with which to approach regression modelling. Comprising of about half-a-dozen major classes of statistical models, and fortified with necessary infrastructure to make the models more fully operable, the framework allows analyses based on many semi-traditional applied statistics models to be performed as a coherent whole. Since their advent in 1972, GLMs have unified important distributions under a single umbrella with enormous implications. However, GLMs are not flexible enough to cope with the demands of practical data analysis. And data-driven GLMs, in the form of generalized additive models (GAMs), are also largely confined to the exponential family. The methodology here and accompanying software (the extensive VGAM R package) are directed at these limitations and are described comprehensively for the first time in one volume. This book treats distributions and classical models as generalized regression models, and the result is a much broader application base for GLMs and GAMs. The book can be used in senior undergraduate or first-year postgraduate courses on GLMs or categorical data analysis and as a methodology resource for VGAM users. In the second part of the book, the R package VGAM allows readers to grasp immediately applications of the methodology. R code is integrated in the text, and datasets are used throughout. Potential applications include ecology, finance, biostatistics, and social sciences. The methodological contribution of this book stands alone and does not require use of the VGAM package.

The Economics of Renewable Energy in the Gulf

The Economics of Renewable Energy in the Gulf

Author: Hisham M. Akhonbay

Publisher: Routledge

Published: 2018-09-27

Total Pages: 301

ISBN-13: 042978659X

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The Cooperation Council for the Arab States of the Gulf (GCC) has been at the epicenter of global energy markets because of its substantial endowment of hydrocarbons. Yet countries in the region have also stated their intent to be global leaders in renewable energy. This collection explores the drivers for the widespread adoption of renewable energy around the GCC, the need for renewable energy and the policy-economic factors that can create success. All six countries within the GCC have plans to include renewable energy power generation in their energy mix for various reasons including: a growing demand for electricity because of increasing populations, an increasing government fiscal deficit due to inefficient subsidies, the need to diversify the economy and global pressure to meet climate change requirements. However, the decision of when and by how much to introduce renewable energy is fraught with complications. In this book, a stellar cast of regional policy and academic experts explore the reasons behind these renewable energy plans and the potential impediments to success, whether it be the declining cost of producing energy from hydrocarbons, an infrastructure which needs to be updated, social acceptance, lack of financing and even harsh weather. Weighing up all these factors, the book considers the route forward for renewable energy in the Gulf region. The Economics of Renewable Energy in the Gulf offers an excellent examination of the adoption of renewable energy in the area. It will be of great interest to academic researchers and policy makers alike, particularly those working in the areas of energy economics, public policy and international relations.


Book Synopsis The Economics of Renewable Energy in the Gulf by : Hisham M. Akhonbay

Download or read book The Economics of Renewable Energy in the Gulf written by Hisham M. Akhonbay and published by Routledge. This book was released on 2018-09-27 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Cooperation Council for the Arab States of the Gulf (GCC) has been at the epicenter of global energy markets because of its substantial endowment of hydrocarbons. Yet countries in the region have also stated their intent to be global leaders in renewable energy. This collection explores the drivers for the widespread adoption of renewable energy around the GCC, the need for renewable energy and the policy-economic factors that can create success. All six countries within the GCC have plans to include renewable energy power generation in their energy mix for various reasons including: a growing demand for electricity because of increasing populations, an increasing government fiscal deficit due to inefficient subsidies, the need to diversify the economy and global pressure to meet climate change requirements. However, the decision of when and by how much to introduce renewable energy is fraught with complications. In this book, a stellar cast of regional policy and academic experts explore the reasons behind these renewable energy plans and the potential impediments to success, whether it be the declining cost of producing energy from hydrocarbons, an infrastructure which needs to be updated, social acceptance, lack of financing and even harsh weather. Weighing up all these factors, the book considers the route forward for renewable energy in the Gulf region. The Economics of Renewable Energy in the Gulf offers an excellent examination of the adoption of renewable energy in the area. It will be of great interest to academic researchers and policy makers alike, particularly those working in the areas of energy economics, public policy and international relations.

Renewable energy and jobs – Annual review 2018

Renewable energy and jobs – Annual review 2018

Author: International Renewable Energy Agency IRENA

Publisher: International Renewable Energy Agency (IRENA)

Published: 2018-05-01

Total Pages: 59

ISBN-13: 9292601997

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Renewable energy jobs grew 5.3% in 2017, with the total surpassing 10 million worldwide. IRENA's annual review presents the status of employment by technology and in selected countries.


Book Synopsis Renewable energy and jobs – Annual review 2018 by : International Renewable Energy Agency IRENA

Download or read book Renewable energy and jobs – Annual review 2018 written by International Renewable Energy Agency IRENA and published by International Renewable Energy Agency (IRENA). This book was released on 2018-05-01 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewable energy jobs grew 5.3% in 2017, with the total surpassing 10 million worldwide. IRENA's annual review presents the status of employment by technology and in selected countries.

Future of wind

Future of wind

Author: International Renewable Energy Agency IRENA

Publisher: International Renewable Energy Agency (IRENA)

Published: 2019-10-01

Total Pages: 161

ISBN-13: 9292601970

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This study presents options to speed up the deployment of wind power, both onshore and offshore, until 2050. It builds on IRENA’s global roadmap to scale up renewables and meet climate goals.


Book Synopsis Future of wind by : International Renewable Energy Agency IRENA

Download or read book Future of wind written by International Renewable Energy Agency IRENA and published by International Renewable Energy Agency (IRENA). This book was released on 2019-10-01 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study presents options to speed up the deployment of wind power, both onshore and offshore, until 2050. It builds on IRENA’s global roadmap to scale up renewables and meet climate goals.

Renewables 2017

Renewables 2017

Author: Organization for Economic Cooperation and Development

Publisher: Organization for Economic Co-Operation & Development

Published: 2017-10-04

Total Pages: 0

ISBN-13: 9789264283886

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The renewable electricity market has witnessed an unprecedented acceleration in recent years, and it broke another annual deployment record in 2016. The market's main driver last year was solar photovoltaics, which is boosting the growth of renewables in power capacity around the world. As costs decline, wind and solar are becoming increasingly comparable to new-build fossil fuel alternatives in a growing number of countries. China remains the dominant player, but India is increasingly moving to the centre stage. Government policies are introducing more competition through renewable auctions, further reducing costs. The IEA's newly renamed Renewables 2017 (formerly titled Medium-Term Renewables Market Report) provides a detailed market analysis and overview of renewable electricity capacity and generation, biofuels production, and heat consumption, as well as a forecast for the period between 2017 and 2022. This year's report also provides additional analysis on the contribution of electric vehicles to renewable road transport and on the off-grid solar market in Africa and developing Asia. Finally, the report identifies a set of policy improvements in key markets that could accelerate the growth of renewables in the electricity sector as well as the growth of transport biofuels for the first time. These are needed to accelerate decarbonisation in all sectors in order to be on track to meet long-term climate goals.


Book Synopsis Renewables 2017 by : Organization for Economic Cooperation and Development

Download or read book Renewables 2017 written by Organization for Economic Cooperation and Development and published by Organization for Economic Co-Operation & Development. This book was released on 2017-10-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The renewable electricity market has witnessed an unprecedented acceleration in recent years, and it broke another annual deployment record in 2016. The market's main driver last year was solar photovoltaics, which is boosting the growth of renewables in power capacity around the world. As costs decline, wind and solar are becoming increasingly comparable to new-build fossil fuel alternatives in a growing number of countries. China remains the dominant player, but India is increasingly moving to the centre stage. Government policies are introducing more competition through renewable auctions, further reducing costs. The IEA's newly renamed Renewables 2017 (formerly titled Medium-Term Renewables Market Report) provides a detailed market analysis and overview of renewable electricity capacity and generation, biofuels production, and heat consumption, as well as a forecast for the period between 2017 and 2022. This year's report also provides additional analysis on the contribution of electric vehicles to renewable road transport and on the off-grid solar market in Africa and developing Asia. Finally, the report identifies a set of policy improvements in key markets that could accelerate the growth of renewables in the electricity sector as well as the growth of transport biofuels for the first time. These are needed to accelerate decarbonisation in all sectors in order to be on track to meet long-term climate goals.