Multi-Objective Auctions for Utility-Scale Solar-Battery Systems: The Case of ASEAN and East Asia

Natsuko Toba (), Tooraj Jamasb, Luiz Maurer and Anupama Sen
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Natsuko Toba: International Finance Corporation, World Bank Group, US, https://www.eprg.group.cam.ac.uk/natsuko-toba/
Luiz Maurer: LM Engineering and Consulting, Richmond, US

No 3-2023, Working Papers from Copenhagen Business School, Department of Economics

Abstract: Globally, auctions are increasingly popular to competitively promote and procure renewable energy technologies to meet energy, social, and climate change objectives. To do so, auction designs need to accommodate technological progress, declining costs, and increasing demand for Environmental, Social and Governance (ESG). This chapter focuses on auctions of large scale solar photovoltaic (PV) and battery energy storage system (BESS) in Southeast and East Asia. It revisits the theoretical and conceptual frameworks of auctions while focusing on the ESG component from the perspective of key stakeholders, such as investors, government, bidders, and communities regarding efficient allocations of risks, costs, and benefits. The chapter then relates this framework to real-world practices and international evidence on solar PV as well as those without BESS. The analysis shows that integrating ESG in the auction designs and business models is possible and could benefit business and sustainable development.

Keywords: Renewable energy; Solar power; Battery storage; Auction design (search for similar items in EconPapers)
JEL-codes: D00 D40 D80 L00 L10 L90 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2023-01-15, Revised 2023-02-10
New Economics Papers: this item is included in nep-ene, nep-env, nep-reg and nep-sea
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Citations: View citations in EconPapers (1)

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