Japan has allotted 134 MW of PV functionality in its latest procurement prepare. The underside bid for a 19 MW picture voltaic enterprise received right here in at JPY 0.00/kWh, surprisingly, whereas completely different bids ranged from JPY 4.94 ($0.03)/kWh to JPY 6.98/kWh.
Japan’s Inexperienced Funding Promotion Group has launched the final results of its latest public sale for utility-scale picture voltaic energy duties.
The state-run firm talked about that 134 MW of PV duties have been chosen throughout the procurement prepare. It was Japan’s nineteenth public sale for utility-scale picture voltaic and was anticipated to assign 349.3 MW of manufacturing functionality.
The 29 chosen duties differ in dimension from 550 kW to 29.9 MW.
The underside bid was JPY 0.0/kWh, the perfect was JPY 6.98 /kWh, and the standard closing value was JPY 5.11 ($0.034)/kWh. The ceiling value was set at JPY 9.28/kWh.
A bid of JPY 0.00/kWh was submitted for a 19 MW PV enterprise submitted by Japanese developer FS Japan Problem 41. In response to native research, the enterprise has already secured a private power purchase settlement for the sale {of electrical} power and took half within the public sale to save lots of a grid connection.
The underside bid was the reason behind the surprisingly low frequent value of JPY 5.11/kWh of the general public sale. Throughout the remaining 5 auctions, the last word frequent value ranged from JPY 8.55/kWh to JPY 9.73/kWh.
Throughout the 18th public sale, finalized in November 2023, the Japanese authorities allotted 105 MW of PV functionality, with the underside bid reaching JPY 7.94/kWh. Throughout the seventeenth prepare, held in late August 2023, the underside value received right here in at JPY 8.95/kWh, with 69 MW of allotted functionality.
Throughout the sixteenth public sale held in July 2023, the allotted power was 119.7 MW and the underside bid received right here in at JPY 9/kWh. Throughout the 15th solar energy auction, which concluded in March 2023, the Inexperienced Funding Promotion Group solely allotted 16.2 MW of the 175 MW tendered. The underside bid provided throughout the public sale was JPY 9.48/kWh and the standard closing value was JPY 9.56.
Throughout the 14th exercise, held in November 2022, the Japanese authorities assigned 137.2 MW of PV functionality, out of 175 MW tendered. The underside bid received right here at JPY 9.65/kWh and the standard closing value was JPY 9.73/kWh.
Throughout the twelfth procurement prepare, which was finalized in June 2022, the assigned PV functionality was 153.7 MW. The underside bid received right here in at JPY 8.85/kWh. Throughout the eleventh public sale, held in March 2022, the assigned PV functionality was 268.7 MW and the underside bid was JPY 8.99/kWh.
In 2021, the Japanese authorities allotted 675 MW of PV functionality all through three completely different auctions. In earlier auctions, it allotted 942 MW.
