Law establishing incentives for construction and operation of wind plants in Panama (Law No. 44 of 25 April 2011, amended by Law 18 of 26 March 2013) (wind auctions)
In 2011 Panama introduced system of reverse auctions for procuring onshore wind installations. Auctions are open to private investors who bid for guaranteed electricity prices for period of 15 years. Projects are selected based on the lowest offered price of the generation.
In 2013, auction system was amended.
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