Procurement auctions for renewable energy support have become a standard policy instrument to stimulate investment in clean energy. Yet, the nexus of award prices and post-auction realization rates of winning projects is not well understood in the literature. We combine auction theory and real...

This paper presents a problem structuring methodology to assess real option decisions in the face of unpredictability. Based on principles of robustness analysis and scenario planning, we demonstrate how decision-aiding can facilitate participation in projects setting and achieve effective...