Japan has awarded almost 197 MW new solar capacity in an auction for installations of more than 2 MW each. The tender, Japan's second, attracted higher bids for less capacity than the government had wanted. Winning bids ranged from JPY16.47 ($just 196.96) per kWh to JPY17.2/kWh. The Ministry of Economy, Trade and Industry (METI) said it was disappointed the lowest bid was above its ceiling price of JPY15.50/kWh. METI offered 15 developers the chance to bid on up to 334 MW solar, but only nine companies submitted firm bids. METI did not name any of the bidders.
Japan has awarded almost 197 MW new solar capacity in an auction for installations of more than 2 MW each. The tender, Japan's second, attracted higher bids for less capacity than the government had wanted. Winning bids ranged from JPY16.47 ($0.147) per kWh to JPY17.2/kWh. The Ministry of Economy, Trade and Industry (METI) said it was disappointed the lowest bid was above its ceiling price of JPY15.50/kWh. METI offered 15 developers the chance to bid on up to 334 MW solar, but only nine companies submitted firm bids. METI did not name any of the bidders.