Japan selected eight PV projects ranging between 400 kW and 29.9 MW in its latest procurement exercise.
Japan’s Green Investment Promotion Organization has released the final results of its latest auction for utility-scale solar energy projects.
The state-run agency said that 38.2 MW of PV projects were selected in the procurement exercise. It was Japan’s 29th auction for utility-scale solar, running with an auction volume of 115 MW and ceiling price of JPY 9.60 ($0.060)/kWh.
The auction received twelve applications requesting a total 87.3 MW. Authorities approved eight projects, with a weighted average successful bid price of JPY 8.89/kWh.
The largest-approved project, belonging to AC12 LLC, has a planned capacity of 29.9 MW. It has the highest supply price of approved projects, at JPY 9.48/kWh.
