1st Biomass Auction (FY2018)
Status: Results announced
Overview
Subsidy scheme:
FIT
Eligible assets:
Biomass power plants using general wood with 10MW+ output and power plants using liquid biofuel
Contract period:
20 years
Price ceiling:
20.6 yen/kWh
* Price ceiling was not disclosed in advance.
Capacity sought:
200000kW
Results
Avg. awarded price:
19.6 yen/kWh
Succesful bids:
1
Capacity awarded:
35000kW
Capacity revoked:
35000kW
Net capacity awarded:
0kW
Share of capacity sought:
0%
Timeline
Business plan by:
July 20, 2018
1st deposit by:
December 6, 2018
Bid submission by:
December 7, 2018
Results announcement:
December 18, 2018
2nd deposit by:
January 8, 2019
Obtain certification by:
March 29, 2019
Remarks
- The sought 200MW included 180MW of woody biomass power plants and 20MW of liquid fuel biomass power plants
- The only woody biomass power plant bid was awarded
- The only liquid fuel biomass power plant bid was not awarded due to the sought 23.90 yen/kWh exceeding the price ceiling
