Home » Japan Awards 105 MW in Latest Call for Solar Projects
Business Featured Global News Japan News

Japan Awards 105 MW in Latest Call for Solar Projects

The Japanese government has allocated 105 MW of capacity in its most recent tender for utility-scale solar photovoltaic (PV) projects, official results show.

State-run Green Investment Promotion Organisation announced that the capacity was awarded in the country’s 18th utility-scale PV competition, which received bids totalling 177.8 MW. The call targeted proposals in two categories, of between 250 kW and 500 kW and exceeding 500 kW.

A total of 33 bids were successful in the call, with the size of the selected proposals ranging between 500 kW and 25.9 MW. The weighted average price of the winning bids stood at JPY 8.55 (USD 0.0577/EUR 0.0525) per kWh, against a ceiling of JPY 9.35/kWh.

Details about the successful projects are available on the government agency’s website. The list of developers includes Daiwa House Industries, Regional Electric Power Co, Hokuriku Electric Power.

Japan aims to boost renewable energy in its electricity mix to 36%-38% by the end of the decade. Last year, the country started transitioning from its renewable feed-in tariff (FiT) scheme to a feed-in-premium (FiP) programme in which developers are entitled to a premium between the FiP price and the average market price. The first FiP auction awarded 128.9 MW.

(JPY 100 = USD 0.674/EUR 0.615)

Source : Renewables Now