Peru, South American Nations Turn to Reverse Auctions to Accelerate Renewable Energy Development
May 31st, 2012 | by Andrew
Peru and other governments in South America, including Brazil and Uruguay's, are making headway as they strive to develop renewable energy resources that reduce CO2 and greenhouse gas (GHG) emissions and environmental degradation while at the same time boosting economic activity and jobs growth. In doing so, they're turning to reverse auctions, as opposed to Feed-in Tariffs (FiTs) or other incentives, as a market-based mechanism to foster growth of renewable energy capacity.
