Hogan Lovell OffshoreBook 2023 230809 OnlinePDF - Flipbook - Page 160
160
Japan
premium unit price for the current
month (i.e., before adjustment);
(3) confirmation of the fixed premium
unit price for the current month
(i.e., after adjustment); and
(4) confirmation and payment of the
FIP for the current month.
(c) Reference of target projects
The table below shows the reference of
target projects under as to whether FIT
or FIP applies to projects of certain sizes
and bidding based on statements announced by the chair of the study group
on the procurement price for offshore
wind power (4 February 2022)9. Offshore
wind projects (floating-type wind turbine) can select FIT or FIP.
Onshore 9
Fiscal 2022
Fiscal 2023
0-50kW
50kW and more
FIT (bid system does
not apply)
FIT (bid system applies) 10
FIT (there are requirements for regional
utilization)11
FIP (bid system does not apply) (FIP is an option)
FIP (bid system applies)7
Offshore (sea-bed mounted type wind turbine)
0-50kW
Fiscal 2022
50kW and more
FIT (the bid system applies for offshore wind power projects which the New Offshore Renewable Energy
Development Act applies to)
FIP (the bid system applies for offshore wind power projects which the New
Offshore Renewable Energy Development Act applies to)
Fiscal 2023
FIP (bid)
FIP (bid) (FIP is an option)
Fiscal 2024
FIP (bid)
3.2 Consequences of project delay
Any project certified after FY 2018 will have
a commercial operation date ("COD") deadline. If a business operator cannot achieve
commercial operation before the COD
deadline, the procurement period will be
shortened by an equivalent period of time.
9
https://www.meti.go.jp/shingikai/santeii/pdf/20220204_1.pdf
10 Onshore replacement is not eligible for bid system. Any projects under 1GM can select FIT or FIP.
11 For Supply area in Okinawa regions and islands, FIT system can be selected without applying the requirements for regional utilization.
