To Toss a Coin or Shake a Hand: An Overview of Renewable Energy Interventions and Procurement in selected African Countries
Freda A. Opoku and
MPRA Paper from University Library of Munich, Germany
Open and competitive bidding process (toss a coin) promotes transparency, efficiency and cost reduction as compared to direct negotiations (shake a hand). This paper provides an overview of renewable energy interventions in Angola, Algeria, Cote Dvoire, Ghana and Nigeria. Further, best practices in Germany and South Africa are discussed. It was discovered that, apart from South Africa, most countries in Sub-Saharan Africa uses direct negotiations and feed-in-tariff which has contributed to high cost of renewables. The study recommends that countries should build tendering capacity, put in place simple but robust tendering process and research to identify their renewable energy potential to procure new renewable energy capacity through open and competitive bidding process.
Keywords: Competitive Bidding; Renewable Energy Investments; Sub-Saharan Africa; Energy (search for similar items in EconPapers)
JEL-codes: Q2 Q21 Q28 Q4 Q48 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:77489
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