TY - GEN A1 - Batz Liñeiro, Taimyra A1 - Müsgens, Felix T1 - Evaluating the German PV auction program: The secrets of individual bids revealed T2 - Energy Policy N2 - Auctions have become the primary instrument for promoting renewable energy around the world. However, the data published on such auctions are typically limited to aggregated information (e.g., total awarded capacity, average payments). These data constraints hinder the evaluation of realisation rates and other relevant auction dynamics. In this study, we present an algorithm to overcome these data limitations in German renewable energy auction programme by combining publicly available information from four different databases. We apply it to the German solar auction programme and evaluate auctions using quantitative methods. We calculate realisation rates and—using correlation and regression analysis—explore the impact of PV module prices, competition, and project and developer characteristics on project realisation and bid values. Our results confirm that the German auctions were effective. We also found that project realisation took, on average, 1.5 years (with 28% of projects finished late and incurring a financial penalty), nearly half of projects changed location before completion (again, incurring a financial penalty) and small and inexperienced developers could successfully participate in auctions. KW - Energy markets and pricing Y1 - 2022 UR - https://opus4.kobv.de/opus4-UBICO/frontdoor/index/index/docId/28591 UR - https://linkinghub.elsevier.com/retrieve/pii/S0301421521004845 SN - 0301-4215 ER -