Renewable auctions are the flagstone of the Asia-Pacific renewable energy market

Published onJuly 10, 2019

In a report entitled ‘Asia Pacific Renewable Energy Policy Report 2019’, the data and analytics company revealed the regulatory framework and policies employed by 15 Asia-Pacific countries to achieve strong growth in the renewable energy market in their bid to abide by international emission norms. The 15 Asia-Pacific countries include Australia, China, India, Indonesia, Japan, Kazakhstan, Malaysia, New Zealand, Pakistan, Philippines, Republic of Korea, Singapore, Taiwan, Thailand and Vietnam. According to the report, 12 of the 15 Asia-Pacific countries have implemented Feed-in Tariffs (FITs). GlobalData’s report found that auctions are the other major mechanism in recent years to drive renewable energy in most of the key countries.