Law establishing incentives for construction and operation and maintece of solar PV plants in Panama (Law 37 of 10 June 2013, amended by Law 38 of August 9, 2016) (solar PV auctions)

In 2013 Panama introduced system of reverse auctions for procuring solar PV installations. Auctions are open to private investors who bid for guaranteed electricity prices for period up to 20 years. Projects are selected based on the lowest offered price of the generation.

In 2016, auction system was amended. 

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