1. METI's Measures for Nonoperating Projects Now Open for
Public Comments
On September 7, 2020, the Ministry of Economy, Trade and
Industry ("
METI") announced the draft
outline of the amendments to regulations regarding the introduction
of arrangements for the Nullification Rule (described below), to be
effective on April 1, 2022 (the "
Effective
Date"), and other points (the
"
Draft
seehere, available only in Japanese).
The Nullification Rule, intended to invalidate a FIT/FIP
approval if the project fails to commence operation within a
certain period of time from the approval (the
"
Nullification Period"), is to be
introduced by the Act to Partially Amend the Electricity Business