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

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