Details of FIP system under the Amended Renewable Energy Special Measures Act

On 1 April 2022, an amendment to the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources by Electricity Utilities (the “Amendment”) came into effect, and the name of the law was revised to the Act on Special Measures Concerning Promotion of Utilization of Electricity from Renewable Energy Sources (as amended, the “Renewable Energy Special Measures Act”). In addition, a feed-in-premium (“FIP”) system and other new systems, such as a certification expiration system and a decommissioning reserve system, which affect existing renewable energy projects, came into effect. In this newsletter, we provide an overview of the FIP system as set forth both in the Renewable Energy Special Measures Act and related ordinances promulgated before the amendment to...To read the full article, please see the PDF file

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It is also available in PDF.: Finance Law / Natural Resources & Energy Newsletter (June 27,2022) (190 KB / 4 pages) Download PDF [ bytes]

Authors

Amane KAWAMOTO

Partner
Tokyo

+81-3-6250-6359

Amane has extensive experience in a number of project finance transactions and acquisitions in connection with renewable energy projects in Japan and other Asian countries. In addition to his broad knowledge of the complex regulations surrounding renewable energy, he also has a deep understanding of IPP business reinforced by his work experience in London at a major Japanese trading company. His clients include domestic and international energy project developers, investors, lenders, construction contractors, and utility companies. He advises, represents, and advocates on behalf of clients in a wide range of transactions in the renewable energy sector, including development of green-field projects, debt and equity financing, selling and acquisition of energy projects, and legal due diligence. He also has a wealth of experience in offshore wind projects from the emergence of offshore wind business in Japan in the mid-2010s, including advising clients in the public tender process under the Offshore Renewable Energy Act.

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Nobuaki MORI

Partner
Tokyo

Nobuaki mainly handles financial transactions, with a particular focus on project finance transactions. He has a wealth of experience advising clients on PFI/PPP projects (including airport concession projects) and renewable energy projects (including offshore wind farm projects). He also has a broad understanding of Japanese renewable-energy related legislation. In the renewable energy field, he advises clients on financing and acquiring renewable energy power plants, financing plural power projects (portfolio schemes), and on developing projects using trust schemes (including financing through project bonds). In addition, he was previously seconded to a financial institution and trading company where he worked diligently on client-side transactions. He constantly strives to meet his clients’ needs and expectations by drawing upon the practical expertise and know-how he has acquired through his exposure to a wide array of legal transactions.

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