4th Biomass Auction (FY2021, 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:

18.5 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:

51085.2kW

Capacity revoked:

0kW

Net capacity awarded:

51085.2kW

Share of capacity sought:

42.6%

Timeline

Business plan by:

September 24, 2021

1st deposit by:

October 28, 2021

Bid submission by:

October 29, 2021

Results announcement:

November 5, 2021

2nd deposit by:

November 19, 2021

Obtain certification by:

June 6, 2022

Japan Energy Hub Free members can see more details about each renewable energy auction as well as parts of our other modules.

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