Japan’s 13th solar auction concludes with lowest bid of $0.066/kWh – Commercial

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Japan’s Inexperienced Funding Promotion Group has launched the ultimate outcomes of the most recent public sale for photo voltaic vitality initiatives with energy rankings above 250 kW.

The state-run company mentioned that PV initiatives with a mixed capability of 26.2 MW had been chosen within the procurement train. It was Japan’s thirteenth public sale scheme for utility-scale photo voltaic. It was presupposed to assign 225 MW of producing capability. It was additionally the second such train to award both mounted feed-in tariffs or feed-in premium tariffs.

For the feed-in premiums, which will likely be granted to initiatives above 1 MW, the assigned capability was 14.3 MW throughout 10 initiatives. The Japanese authorities initially deliberate to allocate 150 MW and agreed to overview 11 initiatives, totaling 44.3 MW. The bottom bid provided within the public sale was JPY 9.70 ($0.068)/kWh and the typical, provided ultimate value was JPY 9.81. The ceiling value was set at JPY 9.88/kWh.

The feed-in tariffs will likely be awarded to initiatives ranging in measurement from 250 kW to 1 MW. The authorities assigned 11.8 MW of capability and the bottom bid was JPY 9.50/kWh. The ultimate common value was JPY 9.77.

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Within the twelfth procurement exercis, which was finalized in June, the assigned PV capability was 153.7 MW. The bottom bid got here in at JPY 8.85/kWh. Within the eleventh public sale, held in March, the assigned PV energy was 268.7 MW and the bottom bid was JPY 8.99/kWh. Nonetheless, that was the final public sale to award mounted tariffs.

In 2021, the Japanese authorities allotted 675 MW of PV capability throughout three completely different auctions. Within the earlier auctions, it allotted 942 MW.

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