Japan selects 273 PV projects in eleventh solar auction

Japan's Green Investment Promotion Organization has unveiled the results of the latest auction for solar energy projects.

The final results were released by the government-run agency with a power rating of more than 250kW. This was the eleventh of the country's auction schemes for utility scale.

According to the organization, at least 273 PV projects were selected through the procurement, which had a combined capacity of 268.7MW.

Unlike in the past, it has been informed that the developers will be awarded feed-in premium tariffs from the next auction.

As per the Green Investment Promotion Organization, "the lowest bid offered in the auction was ¥8.99/kWh ($0.078) while the offered final price was ¥9.99."

Earlier, the government had agreed to review 345 project proposals with a combined capacity of 278.5MW.

Last year, in 2021, Japan had allocated a total of 675MW of PV capacity across three different auctions.

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