Skip to main content
  • Finance Law

Current Legal Practice Landscape of the Grid Storage Battery Business under the Long-Term Decarbonization Power Source Auction Regime

January 30, 2024 marked bidding period closure for the Long-Term Decarbonization Power Source Auction, a support program that provides long-term revenues to developers of electric power projects to incentivize investment in power supplies that contribute to Japanese power industry decarbonization (the “Auction”), such as battery energy storage systems (the “BESS”). The Auction results will be officially announced three months after such date.  The Auction began in FY2023 and received significant attention. However, being the first iteration, many capacity providers participation was noncommittal. This newsletter reflects on the rules ...To read the full article, please see the PDF file

It is also available in PDF.
finance law Newsletter Download PDF [302 KB]

Authors

川本 周

Amane has extensive experience in a number of project finance transactions and acquisitions in connection with renewable energy projects in Japan and other Asian countries. In addition to his broad knowledge of the complex regulations surrounding renewable energy, he also has a deep understanding of IPP business reinforced by his work experience in London at a major Japanese trading company. His clients include domestic and international energy project developers, investors, lenders, construction contractors, and utility companies. He advises, represents, and advocates on behalf of clients in a wide range of transactions in the renewable energy sector, including development of green-field projects, debt and equity financing, selling and acquisition of energy projects, and legal due diligence. He also has a wealth of experience in offshore wind projects from the emergence of offshore wind business in Japan in the mid-2010s, including advising clients in the public tender process under the Offshore Renewable Energy Act.