In December 2021, consortia led by Mitsubishi Corporation won the rights to develop all three projects offered in Japan’s first major offshore wind public auction with an aggregate capacity of approximately 1.7 gigawatts (GW). Mitsubishi’s success was underpinned by tariff prices well below the ceiling price of 29 yen per kilowatt-hour. This auction result is likely to have led to concerns amongst international developers regarding the low tariff pricing. Media reporting also suggests criticism from businesses about the lack of clarity around the bid process.

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Photo of Jared Raleigh Jared Raleigh

Jared Raleigh is an experienced practitioner advising on large-scale and complex infrastructure and energy projects. Based in Singapore from 2011 to 2022, Jared advises on all phases of the development, structuring, and financing of infrastructure and energy projects and has broad experience in…

Jared Raleigh is an experienced practitioner advising on large-scale and complex infrastructure and energy projects. Based in Singapore from 2011 to 2022, Jared advises on all phases of the development, structuring, and financing of infrastructure and energy projects and has broad experience in analyzing, negotiating, and drafting the full suite of project and finance documentation in established and emerging markets.

Jared has had practical experience throughout the Asia Pacific region, having worked for clients on projects in Singapore, Indonesia, Philippines, Vietnam, Japan, Sri Lanka, Mongolia, the Middle East and Australia.

Prior to joining Greenberg Traurig, Jared spent several years as a senior in-house lawyer and M&A executive at global mining, energy, and infrastructure companies, ensuring that he brings an understanding of the business needs of clients and commercial focus to his practice.

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William Wu

William Wu advises on a wide range of corporate, M&A, and regulatory matters. He advises international clients on cross-border matters, representing both public and private clients in their mergers, spin-offs, and joint ventures, particularly for energy and infrastructure related projects such as onshore…

William Wu advises on a wide range of corporate, M&A, and regulatory matters. He advises international clients on cross-border matters, representing both public and private clients in their mergers, spin-offs, and joint ventures, particularly for energy and infrastructure related projects such as onshore and offshore wind farms, utility scale solar PV and hydro projects, and digital infrastructure projects across jurisdictions, including Taiwan, Vietnam, Japan, Indonesia, Brunei, Chad and Somaliland.

In addition to equity investments in the energy and infrastructure space, William also advises multinational corporations on their strategic alliances, distribution arrangements, product recalls, as well as cross-border disputes arising out of business transactions.

Born and raised in Taiwan, William has most recently been involved in various offshore wind and other renewable projects and has deep experience on auctions for various offshore wind farms in Taiwan. He is currently working on several other renewable projects in development and advising bidders on equity processes.

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