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
