- Finance Law
- Natural Resources & Energy
Offshore Wind Auctions in Japan – Guideline Changes for Round Four
On December 24, 2024, the results of Japan’s third round of offshore wind auctions were announced, with two fixed-bottom offshore wind sites awarded. A consortium consisting of JERA, Green Power Investment, and Tohoku Electric was selected to operate a 615 MW offshore wind farm off the coast of Aomori (Aomori Prefecture), and another consortium consisting of Marubeni Corporation, Kansai Electric Power, British Petroleum, Tokyo Gas, and Marutaka Corporation was selected to operate a 450 MW offshore wind farm off the coast of Yuza Town (Yamagata Prefecture). Both projects are set to start commercial operations in June 2030. On January 29, 2025, the Ministry of Economy, Trade, and Industry (“METI”) and the Ministry of Land, Infrastructure, Transport and Tourism (“MLIT”) published revised Guidelines for...To read the full article, please see the PDF file
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Natural Resources / Energy & Finance Law Newsletter
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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.