Finance Law Newsletter

Fundamental Amendment of Japan’s Renewable Energy Act

Finance Law Newsletter

The Cabinet of Japan recently approved a bill to amend the Act on Special Measures Concerning Procurement of Renewable Energy Sourced Electricity by Electric Utilities (the “Renewable Energy Act”). The bill, to be enacted in April 2022 if approved in the Diet, will bring notable changes to the renewable energy landscape in Japan, including the introduction of a Feed-In Premium program, a mandatory requirement to reserve decommissioning costs, and a framework for the expiration of FIT certifications applicable to non-operational projects. In this newsletter, we discuss the main features of the amendments to the Renewable Energy Act and the specific implementation measures currently being discussed by the government.

This article is also available in Japanese.

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