Japan’s New Feed-in Tariffs: Government’s Model Contract Available Now

more+
less-

I. Introduction of FIT in July 2012 -

On July 1, 2012, the Act on Special Measures concerning Procurement of Renewable Energy Sourced Electricity by Electric Utilities (Act No. 108 of 2011) (the “RE Act”) came into effect and a feed-in-tariff (“FIT”) system was introduced in Japan in an effort to promote the use of renewable energy.

The RE Act imposes an obligation on electric utility operators (“Utilities”) to purchase electricity generated using renewable energy sources including solar energy (“Renewable Electricity”) from renewable energy electricity suppliers (“Suppliers”) at prices and for time periods designated by the Ministry of Economy, Trade and Industry (“METI”).

The length of the procurement period under the power purchase agreement (the “Procurement Period”) (which is currently twenty years) and the prices (the “Procurement Price”) payable during such Procurement Period as currently determined by METI are quite favorable to Suppliers, and thus, there has been a recent flood of companies building large solar and other power plants based on renewable energy.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© K&L Gates LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×