The possibilities for the renewable energy industry are becoming increasingly apparent to global investors. Climate change mitigation is at at the core of its attributes, but governments are increasingly turning towards renewable energy to curb immediate air, ground and water pollution problems, to sure-up domestic energy capabilities that are not subject to geopolitical or market volatilities and to meet growing energy demands of burgeoning middle classes. In many cases, governments see on and off-grid renewable energy systems as an answer to rural electrification. There are social, environmental, economic and political benefits to be derived from renewable energy development. While short term infrastructure and pricing issues need to be overcome, the plethora of government incentives are making renewable energy more and more attractive each day as the world adjusts to its carbon and resource-constrained environment.
For these reasons, DLA Piper is proud to release Renewable Energy in the Asia Pacific: A Legal Overview. We have attached an abridged version of the publication, containing profiles of Japan and the Philippines and can supply the full publication on request. The publication provides a high-level but comprehensive analysis of the renewable energy and electricity sectors for 13 Asia Pacific jurisdictions, as well as an additional profile on South Africa, given its significant level of renewables activity. Our Asia Pacific team has proven its worth in the renewables sector, taking the lead adviser role on 56 renewable energy projects. Renewable Energy in the Asia Pacific: A Legal Overview is the ideal starting point for any investor keen to join the 'green revolution'.
We have also compiled a comparative table which lists various feed-in tariff rates for countries within the Asia Pacific, as well as in some European countries. Feed-in tariffs are one of the most popular mechanisms globally for incentivising renewable energy investment, with Japan offering very generous feed-in tariff rates (particularly throughout the initial term) for various renewable energy sources and other countries including China, Indonesia, Malaysia, Mongolia, the Philippines, Thailand and Vietnam also deploying feed-in tariffs across their renewable energy industries.
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