Japan has actually chosen 5 solar photovoltaic (PV) projects amounting to 128.94 MW in the most recent tender with Pacifico Energy KK winning over half of the designated capacity.
Pacifico succeeded with a 76.8-MW project, using a tariff of JPY 9.86 (USD 0.073/ EUR 0.070) per kWh, the Asian renewables developer stated on Friday.
Pacifico kept in mind that this is its very first bid cost below JPY 10 per kWh, standing for a price level where a renewable energy levy is no longer required.
To be found in Yamaguchi prefecture, the solar park is set to commence procedures in 2027.
In addition to Pacifico Energy, the victors in Japan’s 12th solar power tender include X-Elio19 LLC, AC19 LLC, JAG Energy Co Ltd as well as electronics as well as net gigantic DMM.
Costs in the June round ranged from JPY 9.85 per kWh to JPY 9.9 per kWh.