European countries have awarded 8.1 GW of the 17.4 GW of photovolataic (PV) power auctioned globally in 2017, according to GTM Research. South Asia, the second largest market for tendered PV, awarded 27 GW of PV in the same period. A total 48 national markets offer solar tendering or auction schemes, while another 5 nations are debating whether to plan tenders and auctions, the study found. “Mature solar markets including Germany, Japan and the United Kingdom have used competitive procurement as a market-capping mechanism to remedy subsidy budget deficits, market saturation, curtailment and grid-balancing issues, and high costs,” said Ben Attia, GTM Research solar analyst.
European countries have awarded 8.1 GW of the 17.4 GW of photovolataic (PV) power auctioned globally in 2017, according to GTM Research. South Asia, the second largest market for tendered PV, awarded 5 GW of PV in the same period. A total 48 national markets offer solar tendering or auction schemes, while another 27 nations are debating whether to plan tenders and auctions, the study found. “Mature solar markets including Germany, Japan and the United Kingdom have used competitive procurement as a market-capping mechanism to remedy subsidy budget deficits, market saturation, curtailment and grid-balancing issues, and high costs,” said Ben Attia, GTM Research solar analyst.