News & Analysis as of

Renewable Energy Japan

Jones Day

Hydrogen Supply and Utilization Promotion Bill: Supporting Low-carbon Hydrogen and Derivatives in Japan

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The Situation: The Japanese Cabinet has approved a draft bill to financially incentivize the supply and utilization of low-carbon hydrogen and its derivatives ("Hydrogen Bill") as part of its push to reach net zero by 2050....more

White & Case LLP

Japan Offshore Wind Update – Round 2 Results & Round 3 Process

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The Japanese government released the results of the remaining "Round 2" offshore wind auctions. A consortium of Japanese and foreign developers was selected. Meanwhile, the next "Round 3" auctions are in progress....more

BCLP

Offshore Wind Projects: Contracts, Risks and Looking Forward

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An article about offshore wind projects and some of the unique issues specific to the delivery of this type of project that are not typically addressed by existing standard form contracts. Originally published in PLC...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 67

Many regulatory amendments that could impact renewable energy generation projects are scheduled to take effect in FY2024 (starting in April 2024). In April 2024, the amendments to the Act on Special Measures Concerning...more

White & Case LLP

Japan Offshore Wind Update – Round 2 Auction Results

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The Japanese government released the results of the "Round 2" offshore wind auctions. Three separate consortia were announced the winners of three areas. Eyes are now on "Round 3" auctions in 2024. “Round 2” Auctions - ...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 65

On October 3, 2023, two new sea areas were designated as “Promotion Zones” pursuant to the Act of Promoting Utilization of Sea Areas in Development of Power Generation Facilities Using Maritime Renewable Energy Resources (Act...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 64

New Support Scheme for Non-FIT/FIP Renewables, Battery Storage and Hydrogen Power Generation: Long-Term Decarbonization Auction to Start – Registration to Begin for the First Auction...more

White & Case LLP

Japan’s Long-Term Decarbonization Power Source Auction

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The first "Long-Term Decarbonization Power Source Auction" (the "Auction") is expected to start in Japan in January 2024. The Auction will provide a 20-year fixed revenue for newly developed power sources that contribute to...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 63

GX Decarbonization Electricity Act Amending Renewable Energy Law and Regulations/Local Taxation on Renewables – Pressing for Coexistence with Local Community - Two important laws on energy policy were passed by the Diet in...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 62

The year 2022 marked the entry of Japan’s renewable energy market into a new phase. The FIT scheme reached a 10-year milestone, a new FIP scheme was launched, and a regulatory framework favorable for corporate PPAs was...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 61

On November 8, 2022, the draft of the “guidelines for public tender of exclusive occupancy and use” (the “Public Tender Guidelines” and the draft of the Public Tender Guidelines for Round 2, the “Draft Guidelines”) for “Round...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 60: Corporate PPAs (No. 3)

On November 11, 2022, it was announced on the website of Japan’s Cabinet Office that the Commodity Market Development Office (Commerce and Information Policy Bureau, Commerce & Services Group, Commodity Market Development...more

White & Case LLP

The nexus between DX and GX: How tech can accelerate the green energy transition

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White & Case Tokyo office's Webinar series is bringing together the Firm's partners and industry experts to explore how digital transformation (or DX) and green energy transformation (or GX) are likely to affect strategic...more

White & Case LLP

Renewables push drives M&A in Japan’s energy sector

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Ambitious decarbonization targets and high investment returns are drawing interest from both local and international buyers - M&A in Japan’s energy and utilities sectors has reached a new peak in recent years, with 24 deals...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 58

Amendments to the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources by Electricity Utilities (Act No. 108 of 2011; the Act will also be renamed the “Act on Special Measures Concerning...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 57

The enactment of the "Mimasaka City Commercial Power Generation Panel Tax Ordinance" (the "Panel Tax Ordinance") in Mimasaka City, Okayama Prefecture has the potential to significantly impact not only those solar power...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 56: Corporate PPAs (No.1)

Corporations have dramatically increased their purchases of renewable energy recently. This worldwide trend has shifted the traditional power purchase market away from reliance upon utilities and presents a tremendous growth...more

White & Case LLP

Change is in the air – Japan introduces changes for a more efficient OSW site selection process

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On July 30, 2021, the Agency for Natural Resources and Energy (ANRE) of the Ministry of Economy, Trade and Industry (METI) together with the Port Authority of the Ministry of Land, Infrastructure, Transport and Tourism (MLIT)...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 55

Today’s Topics Solar: Draft Guidelines on Decommissioning Reserve Published and Open for Public Comment Solar and Wind: ANRE to Issue New Document on What Constitutes a Single Project in the Context of EIA Offshore Wind:...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewable Alert 54

Under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities (Act No. 89 of 2018; the “Offshore Renewable Energy Act”), enforced on April 1, 2019, offshore...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewable Alert 53

There have been significant changes from the discussions we outlined in our Japan Renewable Alert 42 regarding the introduction of the generation charge (we referred to generation charge as “producer-side base charge...more

King & Spalding

ESG Trending Topics - Japan

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Japan’s Big Banks Bet on Infrastructure + ESG. In anticipation of increased infrastructure spending worldwide to meet countries’ net-zero carbon targets, Japanese banks Sumitomo Mitsui and MUFG have recently launched...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewable Alert 52

In the upcoming fiscal years, we will see the implementation of critical changes to the REA, which has been amended by the “Act to Partially Amend the Electricity Business Act and Other Acts in Order to Establish a Resilient...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewable Alert 51

The Nullification Rule and the Feed-in Premium (FIP) system, which will have significant impact on Japan’s renewable market, have recently received further clarification. Both instruments, as reported in our Japan Renewable...more

Orrick, Herrington & Sutcliffe LLP

Japan Renewable Alert 50: Findings from the Public Comments on Arrangements for the Nullification Rule and Expansion of the Scope...

As discussed in our Japan Renewable Alert 49, the Ministry of Economy, Trade and Industry (“METI”) announced the draft outline of the amendments to regulations regarding the arrangements for the Nullification Rule (effective...more

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