Auctions have driven 80% of current renewable energy capacity in LAC

On the occasion of Mexico WindPower 2020, 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 which found that over 80 percent of current renewable energy capacity in Latin America and the Caribbean has been driven by public tenders and auctions.

As one of the first reports of its kind, it provides a comprehensive overview and analysis of financing frameworks in key markets in Latin America and the Caribbean. The report provides deep insights into the financing mechanisms for renewable energy projects, such as auctions and Power Purchase Agreements (PPAs), that are currently in place throughout different markets in the region and provides recommendations on best practices for structuring these mechanisms to continue accelerating renewable energy growth.