|Year:||2011 (April 25th)|
|Policy status:||In Force|
|Date Effective:||2011 (April 25th)|
|Policy Type:||Economic Instruments>Market-based instruments, Regulatory Instruments|
|Renewable Energy Policy Targets:||Wind, Onshore|
|Size of Plant Targeted:||Small and Large|
|Renewable Energy Description:|
In 2011 Panama introduced system of reverse auctions for procuring onshore wind installations. Auctions are open to private investors who bid for guaranteed electricity prices for period of 15 years. Projects are selected based on the lowest offered price of the generation.
In 2013, auction system was amended.
Last modified: Mon, 12 Sep 2016 16:52:24 CEST