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:

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