Spanish developer X-Elio has been awarded 15MW of photo voltaic PV capability in Japan’s first feed-in premium (FiP) public sale.
The mission will probably be positioned within the Yamaguchi prefecture, is estimated to be operational by the top of 2024 and could have a contract length of 20 years.
The primary FiP was launched by the Japanese Ministry of Financial system and Commerce Business with 13 tasks presenting a bid which awarded a complete of 128.94MW between 5 bidders.
This marks the 12th public sale in Japan and the primary considered one of 2022, with the FiP geared toward tasks with an output of 1MW or extra and a bidding value restrict of ¥10/kWh (US$0.07/kWh).
X-Elio was awarded the bottom bidding value with ¥9.85/kWh, with solely 5 cents of distinction with the very best bidder.
Mirko Molinari, CCO at X-Elio, mentioned: “X-Elio is dedicated to help Japan’s ambitions to make renewable vitality a significant energy supply inside the native vitality combine and we’re delighted to have been awarded by this new necessary market mechanism.”
X-Elio has been current in Japan since 2012 and has up to now developed 380MW of renewable tasks.