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:

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