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Home News Industry News Japan's 16th utility-scale solar auction ends with lowest bid of $0.065/kWh

Japan's 16th utility-scale solar auction ends with lowest bid of $0.065/kWh

  • July 13, 2023
The Japan Green Investment Promotion Organization has released the final results of its latest utility-scale solar project auction. The state-run agency said 119.7 MW of PV projects were selected in the procurement exercise.

This is the sixteenth utility-scale solar auction in Japan. It was supposed to allocate 105 MW of generation capacity. The 20 projects selected range in size from 139.6 kW to 89.6 MW.

The lowest bid was 9 yen/kWh, the highest bid was 9.34 yen/kWh, and the final average price was 9.48 yen/kWh. The ceiling price is set at 9.50 yen/kWh.

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