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					</table><p>Japan’s Organization for Cross-regional Coordination of Transmission Operators (<a href="https://www.occto.or.jp/en/" target="_blank" rel="noopener">OCCTO</a>) has concluded the 17th auction for 69.07 MW of grid-connected solar power projects, announcing 55 successful bidders. The total bid capacity in the auction was 110.89 MW.</p>
<p>The lowest tariff revealed in the auction was ¥8.95 (~$0.061)/kWh, and the weighted average winning bid was ¥9.30 (~$0.063)/kWh. The highest bid price was ¥9.43 (~$0.065)/kWh.</p>
<p>The bid was conducted under two categories:</p>
<ul>
<li>More than 500 kW</li>
<li>From 250 kW to 500 kW</li>
</ul>
<p>The auction was conducted in accordance with the guidelines for bidding in Japan issued by the Ministry of Economy, Trade, and Industry (<a href="https://www.meti.go.jp/english/" target="_blank" rel="noopener">METI</a>).</p>
<p><a href="https://www.daiwa-ei.jp/en/" target="_blank" rel="noopener">Daiwa Green Energy Company</a> quoted the lowest tariff of ¥8.95 (~$0.061)/kWh, winning a capacity of 900 kW.</p>
<p>Enerusion Corporation won ten projects with a cumulative capacity of 6.24 MW, followed by <a href="https://www.eco-act.jp/" target="_blank" rel="noopener">ACT Ecotech</a> with seven projects with a cumulative capacity of 2.9 MW. <a href="https://www.daiwahouse.com/English/" target="_blank" rel="noopener">Daiwa House Company</a> won five projects with a total capacity of 6.59 MW.</p>
<p>The bidding volume for the 18th solar power bidding has been announced, and it will be conducted for a capacity of 105 MW.</p>
<p>In the 16<sup>th</sup> solar auction held in July, there were a total of 35 successful bidders, and the lowest discovered tariff was ¥9 (~$0.062)/kWh. The weighted average bid price was ¥9.36 (~$0.064)/kWh.</p>
<p>Earlier in the 15<sup>th</sup> solar auction held in March, nine bidders were declared successful for a total capacity of 175 MW. The lowest bid discovered in the auction was ¥9.48 (~$0.065)/kWh. The weighted average bid price in the auction was ¥9.56 (~$0.065)/kWh.</p>
<p>In May this year, Infrastructure investor Actis <a href="https://www.mercomindia.com/actis-japanese-firm-500-million" target="_blank" rel="noopener">launched</a> Nozomi Energy, a new renewable energy platform, targeting 1.1 GW of onshore wind and solar power generation by 2027 in Japan with an investment of $500 million.</p>
<p>Last year, Singapore-based renewable energy company Vena Energy had <a href="https://www.mercomindia.com/vena-energy-secures-green-loan-of-63-million-for-a-26-mw-solar-project-in-japan" target="_blank" rel="noopener">secured</a> a green loan of JP¥8.54 billion (~$63.28 million) to construct the 26 MW Kisarazu Shimogori Solar project in Japan.</p>


Japan’s 69 MW Solar Auction Receives Lowest Tariff of $0.061/kWh

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