Key Highlights

This study dives in the comparison between K-Electric’s successful Renewables Energy (RE) auctions and the federal government’s failed RE auctions attempt. Following the successful auctions, a total of 640 MW of wind and solar projects were procured by K-Electric in 2024 as part of its plans to move towards 30% RE by 2030. While the government conducted auctions without adhering to its own plans & policies, K-Electric's auctions were carried out under a coherent plan aimed at achieving 30% RE by 2030. The study concludes that building on K-Electric’s example, future RE auctions must focus on smaller project sizes, better payment securities, and inclusivity to rebuild confidence.