Image: Jaimy de Hon, Unsplash
Japan’s Green Investment Promotion Organization has launched the ultimate outcomes of the newest public sale for utility-scale photo voltaic vitality initiatives.
The state-run company stated that 33.6 MW of PV initiatives have been chosen within the procurement train. This is Japan’s twenty first public sale for utility-scale photo voltaic and is predicted to supply 107 MW of producing capability.
The 22 chosen initiatives vary in measurement from 325 kW to 13.3 MW.
The lowest bid was JPY 5.0 ($0.035)/kWh and was submitted for the 650 kW undertaking. The highest bid of JPY 9.13/kWh was submitted for the 750 kWW undertaking. The common last value got here to JPY 8.08/kWh.
In the final seven auctions, the ultimate common value ranged from JPY 4.5/kWh to JPY 9.73/kWh.
In the twentieth spherical, the Japanese authorities allotted 93 MW of PV with last costs starting from JPY 4.5 to JPY 8.8/kWh, with the typical last value reaching JPY 6.8/kWh.
In the nineteenth train, concluded in March, the Green Investment Promotion Organization allotted 134 MW at a median last value 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 value 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 vitality 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 typical last value 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 typical last value was JPY 9.73/kWh.
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