Hogan Lovell OffshoreBook 2023 230809 OnlinePDF - Flipbook - Page 159
Offshore Wind Worldwide 2023
159
Fiscal
Year
Onshore
Onshore
(replacement
- using existing
facilities
2018
JPY 20 plus tax
JPY 17 plus tax (bid)
2019
JPY 19 plus tax
2020
JPY 16 plus tax
JPY 18 plus tax
Offshore (sea-bed
mounted type wind
turbine facilities) 6
JPY 36 plus tax
JPY 34 plus tax (bid)
For 50kW
or less
For 50kW
or more
JPY 17 plus tax
Bid
(upper limit is JPY 17)
2022
JPY 16 plus tax
Bid
JPY 14
(upper limit is JPY 16)
JPY 29 plus tax
2023
JPY 15 plus tax
Bid
(upper limit is JPY 15)
Bid
2021
JPY 15 plus tax
Offshore
(floating type
wind turbines)7
JPY 32 plus tax
JPY 36 plus tax
67
3.1.2 Feed-in Premium System("FIP")
Amendments to the FIT Act have taken 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
integration8 .
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.
a)
The amount of the Feed-in Premium
(referred to as the supply promotion
grant, or kyoukyu-sokushin-koufukin
in Japanese; "FIP") is decided every
month based on as follows:
FIP = premium unit price (which
means the FIP price – the reference
price*) x the amount of renewable
electricity energy supply
* The reference price is determined automatically
by the market price, etc.
b) The FIP is calculated and paid in
accordance with the following steps:
(1) confirmation of annual average
market price for the previous year;
(2) confirmation of the reference
price and confirmation of the
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.
8
https://www.enecho.meti.go.jp/category/saving_and_new/saiene/kaitori/dl/fip_2020/fip_seido_gaiyou.pdf
