- Finance Law
Renewable Energy Act Amendment Adds Briefing Session Requirements
On April 1, 2024, an amendment to the Act on Special Measures Concerning Promotion of Utilization of Electricity from Renewable Energy Sources (the “Renewable Energy Act”) came into effect. Among several important revisions, the most noteworthy is the requirement to hold briefing sessions for local residents. This addition will have a significant impact on project finance practices for FIT/FIP renewable energy projects, as briefing sessions will become necessary not only when projects newly receive FIT/FIP certification but also when projects already certified for FIT/FIP undergo certain important matter changes. This newsletter provides an overview of...To read the full article, please see the PDF file
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.