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Possibility and Legal Framework of Solar Sharing and Recent Trends in Agritech - Part 1

Per the Paris Agreement, on 22 October 2021 Japan submitted its “Nationally Determined Contributions,” wherein it targets a greenhouse gas emissions reduction of 46% by FY2030 (compared to FY2013 levels). This figure is expected to increase to 50% in subsequent submissions. Accordingly, Japan continues to accelerate its climate related efforts; for example, its the 6th Strategic Energy Plan, formulated in October 2021, states that renewable energy production should be raised to 313 billion kWh and expected to be raised 336 to 353 billion kWh in subsequent submission, representing between 36 to 38% of its total power supply composition. Moreover, the country anticipates that by FY2030 solar power generation, which at 79.1 billion kWh currently represents 7.9% of its total power...To read the full article, please see the PDF file

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Finance Law / Agri-Food Newsletter (October 6, 2022) Download PDF [470 KB]

Authors

杉山 泰成

Yasunari Sugiyama is a partner in the firm's Asset Finance Group and Agri-Food Practice Group. In the finance area, his major and unique areas include financing of movables (lease, installment purchase and secured loan), supports for overseas expansion by financial institutions, acquisition finance and domestic and cross-border real estate transactions. In particular, he has extensive experience in proposing and implementing business plans and schemes available for each target jurisdiction taking into consideration the specific civil and commercial laws and financial regulations regarding the movables and real estates in Asian, European and North and South American countries and their entity-based and geographical applicability and coverage in terms of the overseas expansion of Japanese financial institutions. Further, in the agri-food area, he aims to provide legal services for the purposes of the introduction of smart agriculture, business expansion and diversification of financing sources, development and scaling of new business such as solar-sharing and onland aquaculture business, in each case while organizing the various laws and regulations applicable to each process of value chains of the agricultural, forestry and fishery business.