4rd Onshore Wind Auction (FY2024, FIT)

Status: Results announced

Overview

Subsidy scheme:

FIP

Eligible assets:

Onshore wind power plants

Contract period:

20 years

Price ceiling:

14 yen/kWh

Capacity sought:

1000000kW

Results

Avg. awarded price:

12.73 yen/kWh

Succesful bids:

17

Capacity awarded:

885250kW

Capacity revoked:

0kW

Net capacity awarded:

885250kW

Share of capacity sought:

88.5%

Timeline

Business plan by:

September 20, 2024

1st deposit by:

October 25, 2024

Bid submission by:

October 28, 2024

Results announcement:

November 5, 2024

2nd deposit by:

November 19, 2024

Obtain certification by:

June 6, 2025

Remarks

  • No supplemental auction will be held in FY2024 as the bid volume was under 1,300MW

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