INTIEAPanama · Renewable Energy AuctionsPolicyIn force

Renewable Energy Auctions

Energy auctions and renewable energy-specific auctions are a major policy instrument for the promotion of renewable energy in Panama.   Law 6 of 1997 established auctions as the procurement method for distribution companies. It also established a 5% price score premium on…

Last changed 9 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Panama · Year: 1997 · Status: In force · Level: National · Type: Voluntary

Energy auctions and renewable energy-specific auctions are a major policy instrument for the promotion of renewable energy in Panama.

Law 6 of 1997 established auctions as the procurement method for distribution companies. It also established a 5% price score premium on renewable energy sources bidding in auctions.

Law 42 of 2011 established priority for biomass projects in electricity auctions.

Law 44 of 2011 established wind auctions, providing 15-year PPAs. It limited wind power contracts to 5% of projected electricity consumption, which was later relaxed by Law 18 of 2013 to a “percentage determined according to criteria of energy policy, economy, competition and system security.” The first Panama wind power auction was held in 2011 (LPI-ETESA-05-11). Resolution 1520 of 2013 recommended the realization of a wind power-specific auction for 15-year PPAs for up to 7.5% of distribution companies’ demand, leading to Panama’s second wind-power auction in 2013 (LPI-ETESA 03-13).

Law 37 of 2013 established solar power auctions. Resolution 1579 of 2013 recommended the realization of a solar-specific auction for 20-year PPAs for up to 7.5% distribution companies’ demand. This led in Panama’s first solar auction in 2014 (LPI-ETESA 03-14).

Auction

Year

Type

Solar

Wind

Hydro

LPI ETESA 02-16

2016 (published)

Energy Short term

LPI-ETESA 03-14

2014

Solar long-term

LPI-ETESA-01-14

2014

Hydro long-term

LPI-ETESA 03-13

2013

Wind long-term

LPI-ETESA-02-13

2013

Hydro (no reservoir) long-term

LPI-ETESA-07-12

2013

Hydro (no reservoir) long-term

LPI-ETESA 04-12

2012

Energy Short term

LPI-ETESA-01-12

2012

Energy long-term

LPI-ETESA-05-11

2011

Wind long-term

Official source: http://www.etesa.com.pa/compras.php

Source

https://www.iea.org/policies/6323

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45284NewsIn force

Brazil’s New Oil Frontier Could Keep Its Boom Alive For Decades

Brazilian President Luiz Inácio Lula da Silva has hailed a new offshore oil discovery by Petrobras (NYSE: PBR) near the mouth of the Amazon River as a "passport to the country's future", continuing his support for controversial oil and gas drilling in Amazon's ecologically sensitive regions. Last week, the state-run Oil & Gas giant announced it has found oil at the Morpho-1 well (Block FZA-M-59) in the mouth of the Amazon roughly 180 kilometres (112 miles) off the coast of Amapa state, “All of our studies indicate substantial potential.…

13 hours ago
INTEnergy Newsoilprice:oilprice-article-45283NewsIn force

Houthis Move to Gain Complete Control Over Crucial Bab el-Mandeb Oil Chokepoint

The Yemeni Houthis are planning to seize land along the Yemeni coast in the Bab el-Mandeb Strait, tightening their control of the chokepoint. The information comes from the minister of information in the government that the Houthis are fighting in Yemen and suggests further disruption to marine traffic on one of the world’s busiest trade routes. “The Houthi militia... is working to create the conditions for seizing control of the Bab al-Mandab Strait by expanding its presence along the western coast and attempting to control strategic…

14 hours ago
INTEnergy Newsoilprice:oilprice-article-45282NewsIn force

Hormuz Oil Crisis Accelerates Global EV Sales

Global electric vehicle sales have surged this year following the oil supply disruption in the Middle East and the second oil price shock in four years. The accelerating EV adoption that began with the spike in oil and fuel prices earlier this year is set to remain a trend in the global markets and could push the share of EVs in the passenger fleet above earlier expectations, analysts at Wood Mackenzie say. Challenges to accelerated adoption still remain, including the need for billions of U.S. dollars in investments in critical battery minerals…

15 hours ago
INTEnergy Newsoilprice:oilprice-news-45284NewsIn force

Washington Eases Gasoline Rules as Iran Pressure Campaign Jolts Fuel Costs

Washington is tightening the screws on Iran and loosening the rules on gasoline at the same time as Americans are paying more than $4 a gallon. The Environmental Protection Agency on Thursday authorized an early switch to cheaper winter-grade gasoline, allowing sales of gasoline blended with 10% ethanol beginning September 1 rather than waiting for the normal mid-September seasonal transition. The administration says ending summer-blend requirements early could add hundreds of thousands of barrels per day to domestic gasoline supply and provide…

16 hours ago
INTEnergy Newsoilprice:oilprice-article-45270NewsIn force

How Solar Panel Prices Fell 90 Percent In 15 Years

Solar power is far and away the world’s fastest-growing form of energy production, beating out every other form of energy on Earth in 2025. Despite a recent political pivot away from renewable energies in the world’s largest economy, solar power additions continue to shatter its own records year over year as the sector has long since outgrown any need for subsidies. Solar power has simply become too cheap to fail. “We have a plentiful and cheap source of electricity that can be built quickly, almost anywhere in the world,”…

16 hours ago