1st METI/MLIT Offshore Wind Auction (FY2020, FIT)
Status: Results announced
Overview
Subsidy scheme:
FIT
Eligible assets:
Offshore wind power plants for three designated development areas subject to the Sea Areas Utilization for Renewable Energy Act
Contract period:
20 years
Price ceiling:
Capacity sought:
1688400kW
Results
Avg. awarded price:
13.39 yen/kWh
Succesful bids:
3
Capacity awarded:
1688400kW
Capacity revoked:
0kW
Net capacity awarded:
1688400kW
Share of capacity sought:
100%
Timeline
Business plan by:
1st deposit by:
Bid submission by:
May 27, 2021
Results announcement:
December 24, 2021
2nd deposit by:
Obtain certification by:
