|Year:||2013 (June 10th)|
|Policy status:||In Force|
|Date Effective:||2013 (June 10th)|
|Policy Type:||Economic Instruments>Market-based instruments, Regulatory Instruments|
|Policy Target:||Solar>Solar photovoltaic|
|Size of Plant Targeted:||Small and Large|
In 2013 Panama introduced system of reverse auctions for procuring solar PV installations. Auctions are open to private investors who bid for guaranteed electricity prices for period up to 20 years. Projects are selected based on the lowest offered price of the generation.
In 2016, auction system was amended.
Last modified: Mon, 12 Sep 2016 16:58:00 CEST