Japan struggles towards competitive auctions

摘要

Japans recent group of competitive auctions has underperformed, potentially slowing down its solar expansion and transition away from feed-in tariffs (FiT), according to a note by Fitch Solutions. Japans Ministry of Economy, Trade and Industry (METI) announced the results from the country's fifth solar auction, and only 39.8MW was allocated after receiving bids worth a combined 185.6MW. This is despite a 416MW auction size (including the additional capacity that was not awarded under the fourth auction carried over into this round).