High Demand In 16th Japanese Solar Auction

Japan Secured JPY 9.00/kWh Lowest Bid In Latest PV Auction; Offering Over 110 MW Under 17th Round

High Demand In 16th Japanese Solar Auction

After awarding more than offered capacity under the country’s 16th solar auction round, Japan is offering 110.8 MW in the 17th round, to be held within 2023. (Illustrative Photo; Photo Credit: Toa55/Shutterstock.com)

  • The 16th solar auction round in Japan has concluded with 119.7 MW being awarded, against 105 MW offered
  • Lowest winning bid was JPY 9.50/kWh and average weighted was JPY 9.34/kWh
  • OCCTO plans to hold the 17th solar auction round within 2023, in which it plans to offer 110.8 MW capacity

The Organization for Cross-regional Coordination of Transmission Operators (OCCTO) in Japan recently announced the results of its 16th solar auction round, awarding 119.7 MW to 20 projects as against 105 MW offered for solar systems between 250 kW to 500 kW range, and those above 500 kW capacity.

Bids were capped at JPY 9.50/kWh, but it determined lowest winning bid of JPY 9.00/kWh and highest of JPY 9.49/kWh. Average weighted bid was JPY 9.34/kWh in this round.

Previously, OCCTO selected only 9 projects for 16.2 MW capacity as against 175 MW offered in the 15th auction round. The lowest, highest and average winning bids were discovered as JPY 9.48/kWh, JPY 9.63/kWh, and JPY 9.56/kWh, respectively.

The 14th auction round had 175 MW on offer for feed-in-premium (FIP) category with a JPY 9.75/kWh tariff cap, but OCCTO declared 137.2 MW as the winning capacity with lowest winning bid of JPY 9.65/kWh and highest price of JPY 9.75/kWh. Weighted average was JPY 9.73/kWh. Under feed-in-tariff (FIT) category for this auction round, it offered 50 MW and awarded 11.3 MW.

Previously, the 13th auction round was also undersubscribed with 26.2 MW awarded as against 225 MW offered (see Japan’s 13th Solar PV Auction Undersubscribed).

The agency has also announced its next bidding round which will be the 17th solar auction, to be held in 2023. Bidding amount is 110.8 MW.

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power. --Email: [email protected]

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