Multi-objective Auctions for Utility-scale Solar Battery Systems: Lessons for ASEAN and East Asia

Natsuko Toba*, Tooraj Jamasb, Luiz Maurer, Anupama Sen

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

Abstract

Auctions are an increasingly popular means of competitively promoting and procuring renewable energy to meet energy, social, and climate change objectives. To succeed, the technology designs need to accommodate technological progress, declining costs, and increasing Environmental, Social and Governance (ESG) demand. This analysis examines international experiences with large-scale solar photovoltaic (PV) and battery energy storage systems (BESS) auctions, which may be useful for East and Southeast Asia. It revisits auctions' theoretical and conceptual frameworks while concentrating on the ESG aspect from the perspective of such key stakeholders as investors, government, bidders, and communities, regarding efficient allocations of risks, costs, and benefits. It then relates this framework to real-world practices and international evidence on solar PV with and without BESS. The analysis shows that integrating ESG in auction designs and business models is possible and can benefit business and sustainable development. This analysis’ focus on the ESG and solar PV plus BESS in auctions are nearly non-existent in the existing academic literature according to the review by del Río and Kiefer in Energy Policy 173 (2023).
Original languageEnglish
Title of host publicationLarge-scale Development of Renewables In the ASEAN : Economics, Technology and Policy
EditorsHan Phoumin, Rabindra Nepal, Fukunari Kimura, Farhad Taghizadeh-Hesary
Number of pages33
Place of PublicationSingapore
PublisherSpringer
Publication date26 Jan 2024
Pages21-53
Chapter2
ISBN (Print)9789819982387
ISBN (Electronic)9789819982394
DOIs
Publication statusPublished - 26 Jan 2024
SeriesEconomics, Law, and Institutions in Asia Pacific
ISSN2199-8620

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