[SMM PV News] Japan Awards 79 MW in 27th Solar Auction; Average Price at JPY 4.61/kWh

Published: Mar 10, 2026 09:12

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Japan's 'Green Investment Promotion Organization' has concluded its 27th utility-scale solar auction, awarding 79 MW across 11 projects against an expected 196 MW. The selected PV facilities range from 72 kW to 29.9 MW. The final average price settled at JPY 4.61/kWh, well below the JPY 8.68/kWh ceiling. Notably, the lowest bid was JPY 0.0/kWh for a 400 kW project, which likely already secured a private corporate power purchase agreement ('PPA') and utilized the auction merely to secure grid connection. This procurement follows the 26th round, which allocated 75.3 MW.

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