Renewable Energy

Many countries have adapted energy policies and laws to encourage investment in renewable energy (RE) sources. They are also looking to different financing, legal and commercial frameworks, including public-private partnerships (PPPs) to leverage private capital and expertise to support the development of renewable energy projects. This section includes links to RE policies, laws, and regulations from countries around the world, key sample and standardized contracts used for the implementation of RE projects, as well as, reading materials and links to useful online resources.

IRENA Resource: Germany

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Feed-in tariffs (FiTs) set by the regulator and similar instruments used to be the preferred regulatory mechanism globally to boost deployment of solar PV through private investment as they provide a stable and predictable policy environment. FiT guarantee the purchase of generated RE under long-term contracts at a tariff set by the regulator and are often combined with facilitated grid access and dispatch. In Germany, FiTs were a key element of the RE incentive scheme for many years and led to the major growth of solar PV (42.39 GW installed solar capacity in 2017).

IRENA Resource: Chile

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To achieve RE targets many countries require utilities to get specific amounts or percentages of their electricity sales from RE. These quota systems exist in many different variations worldwide and are often supported by tradable RE certificates. The RE support system in Chile—a solar PV leader in Latin America with 2.11 GW installed capacity in 2017—uses this approach alongside with auctions and other incentive mechanisms, and mandates severe penalties for non-compliance by utilities.