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July 20, 2020updated 20 Jan 2021 12:22pm

Global renewable energy auctions for H1 2020 up 360% year on year

Renewable energy auctions in H1 2020 totalled 46, marking a rise of 360% compared with ten auctions in H1 2019, according to GlobalData’s power database.

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The H1 total for renewable energy auctions was up 119% year on year compared with the total of 21 auctions in H2 2019.

Renewable energy auctions in H1 2020: Asia-Pacific leads global activity

On comparing renewable energy auctions in different regions of the globe, Asia-Pacific held the top position with 34 auctions and a share of 73.9% during H1 2020, followed by Europe with eight auctions and a 17.4% share and South and Central America with four auctions and an 8.7% share.

Solar is top technology area for renewable energy auctions in H1 2020

Looking at renewable energy auctions divided by the type of technology, Solar accounted for the largest proportion with 35 auctions and a 70% share, followed by Wind with 12 auctions and a 24% share and Hydro with two auctions and a 4% share.

Renewable energy auctions in H1 2020: Top companies by auctioned capacity

  1. Solar Energy Corporation of India (India): 5,809MW from nine auctions
  2. NTPC (India): 2,535MW from three auctions
  3. Rewa Ultra Mega Solar (India): 1,500MW from three auctions.

All publicly-announced renewable energy auctions (also known as demand auctions or procurement auctions) are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

The database contains renewable energy auction details which are of interest for power sector players such as renewable energy developers, EPC companies, equipment suppliers, O&M service providers and renewable energy consultants among others.

More in-depth reports and analysis on all reported renewable energy auctions are available for subscribers to GlobalData’s Power database.

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