Japan allotted 93 MW of PV capability in its newest procurement train. The lowest bid for a 1.9 MW photo voltaic venture reached JPY 4.5 ($0.029)/kWh, whereas the common closing worth was JPY 6.8/kWh.
Japan’s Green Investment Promotion Organization has launched the ultimate outcomes of the newest public sale for utility-scale photo voltaic power tasks.
The state-run company mentioned that 93 MW of PV tasks have been chosen within the procurement train. This is Japan’s twentieth public sale for utility-scale photo voltaic and is anticipated to assign 122 MW of producing capability.
The 47 chosen tasks vary in measurement from 300 kW to 19.5 MW.
The lowest bid was JPY 4.5 ($0.029)/kWh and was submitted by Japanese oil firm Eneos for the 1.99 MW venture. The highest bid of JPY 8.8/kWh was submitted for the 9.5 MW venture. The common closing worth got here to JPY 6.8/kWh.
In the final six auctions, the ultimate common worth ranged from JPY 5.11/kWh to JPY 9.73/kWh.
In the nineteenth train, concluded in March, the Green Investment Promotion Organization allotted 134 MW at a median closing worth of JPY 5.11/kWh. In the 18th public sale, which ends in November 2023, the Japanese authorities allotted 105 MW of PV capability, with the bottom bid reaching JPY 7.94/kWh. In the seventeenth train, held in late August 2023, the bottom worth reached JPY 8.95/kWh, with 69 MW of allotted capability.
In the sixteenth public sale held in July 2023, the allotted energy was 119.7 MW and the bottom bid reached JPY 9/kWh. In the fifteenth photo voltaic power public sale, which resulted in March 2023, the Green Investment Promotion Organization allotted solely 16.2 MW of the 175 MW offered. The lowest bid provided within the public sale was JPY 9.48/kWh and the common closing worth was JPY 9.56.
In the 14th train, held in November 2022, the Japanese authorities assigned 137.2 MW of PV capability, out of the 175 MW granted. The lowest bid reached JPY 9.65/kWh and the common closing worth was JPY 9.73/kWh.
In the twelfth procurement train, which resulted in June 2022, the assigned PV capability was 153.7 MW. The lowest bid got here in at JPY 8.85/kWh. In 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 in three completely different auctions. In earlier auctions, it allotted 942 MW.
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