IRENA warns investor-friendly green energy auctions risk undermining local economies
An IRENA report warns that green energy auction mechanisms favour foreign capital, drain host countries' reserves and limit local economic benefits.
| Countries | Arabie Saoudite, Maroc, El Salvador |
|---|---|
| Sector | Enjeux Énergétiques |
| Theme | Développement de projets, Tenders |
The International Renewable Energy Agency (IRENA) has flagged the unintended consequences of auction mechanisms that now dominate the financing of green energy projects. According to an agency report, investor-friendly terms risk undermining local value creation and the long-term goals of host countries.
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