2nd METI/MLIT Offshore Wind Auction (FY2023, FIP)

Status: Results announced

Overview

Subsidy scheme:

FIP

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:

1419000kW

Results

Avg. awarded price:

8.68 yen/kWh

Succesful bids:

3

Capacity awarded:

1419000kW

Capacity revoked:

0kW

Net capacity awarded:

1419000kW

Share of capacity sought:

100%

Timeline

Business plan by:

1st deposit by:

Bid submission by:

June 30, 2023

Results announcement:

December 13, 2023

2nd deposit by:

Obtain certification by:

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