Japan's 27th utility-scale solar auction allocates 79 MW of PV capacity

Japan's 27th auction for utility-scale solar was expected to assign 196MW of generating capacity. The 11 selected projects range in size from 72 kW to 29.9 MW. The lowest bid was JPY 0.0/kWh and was submitted for one project with a capacity of 400 kW. The highest bid of JPY 6.49 ($0.041)/kWh was submitted for two projects. The average final price came in at JPY 4.61/kWh, with the ceiling price being JPY 8.68/kWh. Quote: "It was Japan's 27th auction for utility-scale solar and was expected to assign 196MW of generating capacity. The 11 selected projects range in size from 72 kW to 29.9 MW. The lowest bid was JPY 0.0/kWh and was submitted for one project with a capacity of 400 kW. This facility had likely secured a private power purchase agreement for the sale of electricity and participated in the auction to secure grid connection. The highest bid of JPY 6.49 ($0.041)/kWh was submitted for two projects. The average final price came in at JPY 4.61/kWh, with the ceiling price being JPY 8.68/kWh."