7th Solar Auction (FY2020 No. 2, FIT)

Status: Results announced

Overview

Subsidy scheme:

FIT

Eligible assets:

Solar power plants with 250kW+ output

Contract period:

20 years

Price ceiling:

11.5 yen/kWh

* Price ceiling was not disclosed in advance.

Capacity sought:

750000kW

Results

Avg. awarded price:

11.2 yen/kWh

Succesful bids:

83

Capacity awarded:

69400.5kW

Capacity revoked:

750kW

Net capacity awarded:

68650.5kW

Share of capacity sought:

9.2%

Timeline

Business plan by:

September 3, 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

Remarks

  • Schedule adjusted due to COVID-19 pandemic

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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