Home research Global renewable energy auctions for H1 2019 increase significantly year on year, says GlobalData
Global renewable energy auctions for H1 2019 increase significantly year on year, says GlobalData

Global renewable energy auctions for H1 2019 increase significantly year on year, says GlobalData

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Renewable energy auctions in H1 2019 totalled 53, marking a significant rise compared with nine auctions in H1 2018, according to GlobalData, a leading data and analytics company.

The H1 total for renewable energy auctions was up 152% year on year compared with the total of 21 auctions in H2 2018.

Asia-Pacific leads global activity

On comparing renewable energy auctions in different regions of the globe, Asia-Pacific held the top position with 32 auctions and a share of 60.4% during H1 2019, followed by Europe with nine auctions and a 17% share and South and Central America with nine auctions and a 17% share.

In fourth place was Middle East and Africa with three auctions and a 5.7% share.

Solar is top technology area for renewable energy auctions in H1 2019

Looking at renewable energy auctions divided by the type of technology, Solar accounted for the largest proportion with 36 auctions and a 51.4% share, followed by Wind with 16 auctions and a 22.9% share and Hydro with nine auctions and a 12.9% share.

Renewable energy auctions in H1 2019: Top companies by auctioned capacity

Solar Energy Corporation of India (India): 12,969.5MW from eleven auctions
Bundesnetzagentur (Germany): 3,308.29MW from eight auctions
NTPC (India): 2,015MW from three auctions.
ENDS

Notes to Editors:

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.

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

Anand Gupta Editor - EQ Int'l Media Network