Japan’s Inexperienced Funding Promotion Group has launched the ultimate outcomes of the most recent public sale for utility-scale photo voltaic power initiatives. The state-run company mentioned that 119.7 MW of PV initiatives had been chosen within the procurement train.
That is Japan’s sixteenth public sale for utility-scale photo voltaic. It might have offered 105 MW of producing capability. The 20 chosen initiatives vary in dimension from 139.6 kW to 89.6 MW.
The bottom bid is JPY 9/kWh, the very best is JPY 9.34/kWh, and the typical closing worth is JPY 9.48/kWh. the The ceiling worth is about at JPY 9.50/kWh.
Within the fifteenth photo voltaic power public sale, which led to March, the Inexperienced Funding Promotion Group allotted solely 16.2 MW of the 175 MW offered. 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 the 175 MW granted. The bottom bid reached JPY 9.65/kWh and the typical closing worth was JPY 9.73/kWh.
Within the twelfth procurement train, which led to 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 energy was 268.7 MW and the bottom bid was JPY 8.99/kWh.
In 2021, the Japanese authorities allotted 675 MW of PV capability in three completely different auctions. In earlier auctions, it allotted 942 MW.
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