Japan has allotted 134 MW of PV capability in its newest procurement train. The bottom bid for a 19 MW photo voltaic venture got here in at JPY 0.00/kWh, surprisingly, whereas different bids ranged from JPY 4.94 ($0.03)/kWh to JPY 6.98/kWh.
Japan’s Inexperienced Funding Promotion Group has launched the closing outcomes of its newest public sale for utility-scale photo voltaic power initiatives.
The state-run company mentioned that 134 MW of PV initiatives have been chosen within the procurement train. It was Japan’s nineteenth public sale for utility-scale photo voltaic and was anticipated to assign 349.3 MW of producing capability.
The 29 chosen initiatives vary in dimension from 550 kW to 29.9 MW.
The bottom bid was JPY 0.0/kWh, the best was JPY 6.98 /kWh, and the typical closing worth was JPY 5.11 ($0.034)/kWh. The ceiling worth was set at JPY 9.28/kWh.
A bid of JPY 0.00/kWh was submitted for a 19 MW PV venture submitted by Japanese developer FS Japan Mission 41. In line with native reviews, the venture has already secured a personal energy buy settlement for the sale of electrical energy and took part within the public sale to safe a grid connection.
The bottom bid was the rationale behind the surprisingly low common worth of JPY 5.11/kWh of the public sale. Within the final 5 auctions, the ultimate common worth ranged from JPY 8.55/kWh to JPY 9.73/kWh.
Within the 18th public sale, finalized in November 2023, the Japanese authorities allotted 105 MW of PV capability, with the bottom bid reaching JPY 7.94/kWh. Within the seventeenth train, held in late August 2023, the bottom worth got here in at JPY 8.95/kWh, with 69 MW of allotted capability.
Within the sixteenth public sale held in July 2023, the allotted energy was 119.7 MW and the bottom bid got here in at JPY 9/kWh. Within the fifteenth photo voltaic power public sale, which concluded in March 2023, the Inexperienced Funding Promotion Group solely allotted 16.2 MW of the 175 MW tendered. The bottom bid supplied within the public sale was JPY 9.48/kWh and the typical closing worth was JPY 9.56.
Within the 14th train, held in November 2022, the Japanese authorities assigned 137.2 MW of PV capability, out of 175 MW tendered. The bottom bid got here in at JPY 9.65/kWh and the typical closing worth was JPY 9.73/kWh.
Within the twelfth procurement train, which was finalized in June 2022, 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 2022, the assigned PV capability was 268.7 MW and the bottom bid was JPY 8.99/kWh.
In 2021, the Japanese authorities allotted 675 MW of PV capability throughout three completely different auctions. In earlier auctions, it allotted 942 MW.
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