Renewable Alert Letter 32: METI Operation Change - Changes to Business Plan before Completion of Transition to New FIT Scheme

Orrick, Herrington & Sutcliffe LLP

A FIT facilities approval (setsubi nintei) under the old FIT Act may be deemed as a FIT business plan approval (jigyo nintei) subject to certain conditions under the new FIT Act. However, in order to complete the transition of the subject project to the new FIT scheme, submission of a business plan (jigyo keikaku) by the designated due date is required. As introduced in our Alert Letter No. 30, there is an institutional restriction that any amendment to FIT approval is not allowed until completion of METI’s confirmation of the business plan under the new FIT scheme. Accordingly, the issue of METI’s confirmation process for business plan reviews taking longer than expected has recently caused some practical concerns possibly affecting the FIT prices of certain projects. Also, in relation to the amendment plans for overloading restrictions (kasekisai kisei), as raised in our Alert Letter No. 31, such issue due to procedural time constraints of METI has caused a serious problem.

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

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.

© Orrick, Herrington & Sutcliffe LLP | Attorney Advertising

Written by:

Orrick, Herrington & Sutcliffe LLP

Orrick, Herrington & Sutcliffe LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.