Renewable Energy Auctions-Status and Trends Beyond Price By Saur News Bureau/ Updated On Mon, Mar 9th, 2020 This recent report from IRENA (International Renewable Energy Agency) looks at the global shift to auctions, when it comes to renewable energy. From lower price discovery to better tracking of project timelines, auctions have been designed to achieve multiple objectives. 111 GW was auctioned off in the period 2017-18. The report details the many benefits, with use case studies.