3rd Biomass Auction (FY2020, FIT)
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:
18.5 yen/kWh
Succesful bids:
1
Capacity awarded:
1920kW
Capacity revoked:
0kW
Net capacity awarded:
1920kW
Share of capacity sought:
1.6%
Timeline
Business plan by:
July 22, 2020
1st deposit by:
December 17, 2020
Bid submission by:
December 18, 2020
Results announcement:
December 25, 2020
2nd deposit by:
January 15, 2021
Obtain certification by:
March 31, 2021
