Offshore Wind Worldwide 2022 edition - Flipbook - Page 140
140
Hogan Lovells
Japan
Fiscal
Year
Onshore
Onshore
(replacement
- using existing
facilities)
2018
JPY20 plus tax
JPY17 plus tax
2019
JPY19 plus tax
2020
JPY18 plus tax
JPY16 plus tax
For 50kW
or less
For 50kW
or more
JPY 17
plus tax
Bid
(upper limit
is JPY 17)
2022
JPY 16
plus tax
Bid
(upper limit
is JPY 16)
2023
JPY 15
plus tax
2024
JPY 14
plus tax
Procurement
Period
20 years
2021
JPY 15 plus tax
Offshore (sea-bed
mounted type wind
turbine facilities)6
Offshore
(floating type
wind turbines)7
JPY36 plus tax
JPY 34 plus tax (Bid)
JPY 32 plus tax
JPY 36 plus tax
JPY 14
JPY 29 plus tax
Bid
567
2.Feed-in Premium System(“FIP”)
Amendments to the FIT Act will take effect
on 1 April 2022. They introduced, among
other things, a Feed-in Premium system
(“FIP system”), the aim of which is to
reduce system costs for the entire
electricity market while ensuring
investment incentives for renewable
energy sources and promoting market
integration .
Under the FIP system, a standard price
(“FIP price”) is set based on the costs
normally considered to be incurred when the
supply of renewable electricity energy is
efficiently implemented, and in
consideration of price targets and other
circumstances.
5
The name of the FIT Act was amended as of 1 April 2022. Formerly it was referred to as the Act on Special Measures Concerning the
Procurement of Renewable Electric Energy by Operators of Electric Utilities.
6
“Offshore” here excludes offshore wind power projects which the New Offshore Renewable Energy Development Act applies to.
7
“Offshore” here excludes offshore wind power projects which the New Offshore Renewable Energy Development Act applies to.