2nd Biomass Auction (FY2019)
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:
19.6 yen/kWh
* Price ceiling was not disclosed in advance.
Capacity sought:
120000kW
Results
Avg. awarded price:
0 yen/kWh
Succesful bids:
0
Capacity awarded:
0kW
Capacity revoked:
0kW
Net capacity awarded:
0kW
Share of capacity sought:
0%
Timeline
Business plan by:
July 12, 2019
1st deposit by:
December 5, 2019
Bid submission by:
December 6, 2019
Results announcement:
December 17, 2019
2nd deposit by:
September 17, 2019
Obtain certification by:
March 31, 2020
Remarks
- No capacity awarded due to all bid prices (weighted average 20.55 yen/kWh) exceeding the price ceiling
