Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is RE Auction Scheme

Chapter 8
Impact of Renewable Energy on Corporate Finance and Economics
Referred as demand auctions or reverse auctions or procurement auctions. The government launches an auction or releases a call for tenders to install a particular capacity of RE power from a certain technology or a range of eligible technologies. A PPA is signed with the preferred bidder (the bidder with the lowest price if the assessment is based only on price, or the bidder with the highest score if the evaluation is based on numerous factors with given weights). This contract offers renewable generators with a fixed price for a certain number of years and a guaranteed purchase for all generation, which may be used to finance the project.
Published in Chapter:
Promoting Energy Security in the Region: What Can Malaysia Learn From Germany?
Farahdilah Ghazali (Universiti Putra Malaysia, Malaysia) and Siti Fazilah Abdul Shukor (Universiti Tunku Abdul Rahman, Malaysia)
Copyright: © 2024 |Pages: 18
DOI: 10.4018/979-8-3693-3932-9.ch008
Abstract
Due to the pressing need for industrialisation and urbanisation and the escalating energy needs, many countries have started to develop renewable energy as part of the energy mix. However, the existing power generation is not diversified enough to fulfil the increasing energy demands. Malaysia has introduced specific laws on renewable energy, yet its contribution is insignificant. In comparison, Germany has set ambitious law policies for maximising renewable energy in the energy mix and increasing it up to 100% towards 2050. This chapter demonstrates German initiatives to transition from both legal and economic perspectives to achieve this ambition. The most significant measures for achieving renewable transition are also discussed for Malaysia to learn from. A PESTLE analysis is provided in this chapter focusing the political (P), economic (E), social (S), technological (T), legal (L), and environmental (E) factors that contribute to renewable energy development in Germany.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR