Japan NRG hosted the following webinar. The presentation materials and the recording can be found below.
Tensions in Japan’s Shift to Renewables
Speakers: Yuko Inui, partner and member of the Energy and Infrastructure Group of Orrick Herrington & Sutcliffe LLP
Mayumi Watanabe, Senior Researcher, Japan NRG
Yuriy Humber, Founder, Japan NRG
Over the next decade, Japan’s government plan is to have solar account for 1/6th of the nation’s power mix and renewable as a whole for more than 1/3rd. That requires an aggressive jump in capacity in solar, wind and other renewable energy sources.
Some recent Japanese policy and corporate actions, however, seem out of sync with the above goals:
- A town in western Japan plans to introduce the nation’s first ever tax on solar panels
- Curtailments of solar and wind projects in Japan are on the rise and are forecast to spread to new regions
- The same company won a clean sweep of all the country’s first set of fixed-bottom offshore wind tenders
What’s more, the input costs of building new solar and wind projects is on the rise while the sales price is becoming less certain.
Yuko Inui is a partner and member of the Energy and Infrastructure Group of Orrick Herrington & Sutcliffe LLP/ Orrick Tokyo Law Offices. Her practice mainly focuses on the development, project financing and secondary transaction of renewable energy projects, including offshore/ onshore wind and solar projects, as well as related permits and real estate work. She also has experience with environmental and fintech matters. Yuko has been appointed as a special member of the Environmental Preservation Committee of the Japan Federation of Bar Associations every year since 2006.
Mayumi Watanabe joined Japan NRG in 2020 and writes on energy policies and regulations. She has deep experience of covering metals, mining and energy commodity markets, as well as competition issues in Japan’s energy, digital data and patents space.
Yuriy Humber is the founder of the Japan NRG platform. He is also a columnist on energy issues for the Nikkei Asia and co-author of an economic research report on Japan by the American Chamber of Commerce in Japan (ACCJ).