Finance Law Newsletter

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

Finance Law Newsletter

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

*This article is also available in Japanese.

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