Renewable Energy Market: Solar and Wind Energy to Witness High Capacity Additions
The global renewable energy market is witnessing a palpable shift from feed-in-tariffs and other financial subsidy models towards technology auctions and capacity expansion. A number of countries have proactively taken a lead in increasing the share of renewable energy to their national energy portfolio. South Africa, for instance, established a Renewable Energy Independent Power Producer Programme (REIPPP), under which is seeks bids from energy players in wind and solar power projects. Auctions in the renewable energy sector have also become...
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