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Japan's offshore wind power bidding: fewer bids, still no subsidies.
Japan received fewer bids than expected in the latest offshore wind power tender, with developers emphasizing that rising costs were the reason for their non-participation. Despite the lower competition, winning bidders still submitted bids at the base price, which effectively means the projects are without subsidies and must rely on corporate purchasers. Since the bidding prices were the same, other criteria determined the winners, such as the involvement of local stakeholders, supply chain planning, and economic impacts. In the third round of offshore wind power tenders, the Japanese government granted Jera and its consortium partners the rights to build a 615 MW offshore wind farm in southern Aomori City. Marubeni and its consortium members won the bid located at...
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