Offshore Wind: Introduction of a New Scheme for Interconnection
Under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities (Act No. 89 of 2018; the “
Offshore Renewable Energy Act”), enforced on April 1, 2019, offshore wind projects in general sea areas are to be conducted by operators selected through a public bidding process for Promotion Zones that are designated by the government (Minister of Economy, Trade and Industry and Minister of Land, Infrastructure, Transport and Tourism (the “
Ministers”)). The government has already designated several Promotion Zones; ten other zones have been identified as “having progressed to a certain stage of preparation” for potential designation, with four of these having been further recognized as “promising zones”(“