18th Solar Auction (FY2023 No. 3, FIT and FIP)

Status: Results announced

Overview

Subsidy scheme:

FIT/FIP

Eligible assets:

Solar power plants with 250-499.9kW output (FIT) and 500kW+ output (FIP)

Contract period:

20 years

Price ceiling:

9.35 yen/kWh

Capacity sought:

105000kW

Results

Avg. awarded price:

8.55 yen/kWh

Succesful bids:

33

Capacity awarded:

105000kW

Capacity revoked:

13332kW

Net capacity awarded:

91668kW

Share of capacity sought:

87.3%

Timeline

Business plan by:

October 13, 2023

1st deposit by:

November 16, 2023

Bid submission by:

November 17, 2023

Results announcement:

November 24, 2023

2nd deposit by:

December 8, 2023

Obtain certification by:

June 24, 2024

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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