2nd Solar Auction (FY2018 H1)

Status: Results announced

Overview

Subsidy scheme:

FIT

Eligible assets:

Solar power plants with 2MW+ output

Contract period:

20 years

Price ceiling:

15.5 yen/kWh

* Price ceiling was not disclosed in advance.

Capacity sought:

250000kW

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:

May 31, 2018

1st deposit by:

August 23, 2018

Bid submission by:

August 24, 2018

Results announcement:

September 4, 2018

2nd deposit by:

September 18, 2018

Obtain certification by:

March 29, 2019

Remarks

  • Due to the first auction being undersubscribed and multiple projects being awarded at its price ceiling, the second auction was the first one where the price ceiling was not disclosed before bids were submitted
  • None of the nine submitted bids were under the price ceiling; the bids ranged between 16.47 yen/kWh and 20.99 yen/kWh for projects between 3,960kW ad 85,000kW

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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