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The province launches a regulatory framework that allows multiple users to jointly generate renewable energy, offering tax incentives, surplus monetisation and clear operating rules to scale medium-sized projects.
The president of the World Energy Council Panama chapter stressed that well-planned auction schemes encourage new entrants into the energy sector and help deliver more competitive power prices.
The United Kingdom has allocated 8.4 GW of offshore wind capacity in its latest auction round, setting a new European record. Intense competition drove strike prices down to £91.20/MWh in England and Wales and £89.49/MWh in Scotland, reinforcing offshore wind’s role as a cornerstone of the UK’s energy transition.