3nd METI/MLIT Offshore Wind Auction (FY2024, FIP)
Status: Results announced
Overview
Subsidy scheme:
FIP
Eligible assets:
Offshore wind power plants for two designated development areas subject to the Sea Areas Utilization for Renewable Energy Act
Contract period:
20 years
Price ceiling:
Capacity sought:
1050000kW
Results
Avg. awarded price:
3 yen/kWh
Succesful bids:
2
Capacity awarded:
1065000kW
Capacity revoked:
0kW
Net capacity awarded:
1065000kW
Share of capacity sought:
101.4%
Timeline
Business plan by:
1st deposit by:
Bid submission by:
July 19, 2024
Results announcement:
December 24, 2024
2nd deposit by:
Obtain certification by:
