CBRE Japan announces a significant expansion of its renewable energy services capabilities and an enhanced commitment to sustainability through the launch of CBRE Strategic Solutions. Toshiaki Fukai Head of CBRE Strategic Solutions, says, "The energy industry is experiencing great transformation.”

In order to achieve the 2050 carbon-neutral target set by the Japanese government, a growing number of major Japanese companies are reviewing their energy practices and adding “carbon zero” to their business goals. Similarly, with the amendment of the Renewable Energy Act* taking effect in April 2022, by which a Feed-In Premium (FIP) program will be introduced for certain types of renewable projects, the renewable energy power generation business is also entering a new phase.

To meet these shifts and changing demands, CBRE will leverage its domestic and international networks, extensive knowledge, and breadth of specialized functions to provide renewable energy solutions and ESG support for corporations, investors, and financial institutions.

CBRE intends to extend its expertise and services beyond real estate to cover renewable energy services compatible with decarbonization and ESG.

CBRE Strategic Solutions’ comprehensive services ranges from strategy development to trading and operation of renewable energy. Main service offerings include:

• Support for buying and selling of rights pertaining to renewable energy
• Consultation for development of renewable energy
• Consultation for financing of renewable energy projects
• Consultation for formation of renewable energy investment funds
• Due diligence reporting on renewable energy

Toshiaki Fukai, Head of CBRE Strategic Solutions, says, "The energy industry is experiencing great transformation. With the global trend toward decarbonization and the Japanese Renewable Energy Act amendment to go into effect next April, it is critical to be able to strategically respond to new energy and ESG needs. My background is in consultation and real estate appraisal for industrial assets/infrastructure and renewable energy facilities. I hope to leverage my experience along with CBRE's world-class network and platform to assist our clients with their strategies and deliver value-add solutions."

*The Japanese Cabinet approved a bill to amend the Act on Special Measures Concerning Procurement of Renewable Energy Sourced Electricity by Electric Utilities (the “Renewable Energy Act”). The bill, to be enacted in April 2022, will bring notable changes to the renewable energy landscape in Japan, including the introduction of a Feed-In Premium program, a mandatory requirement to reserve decommissioning costs, and a framework for the expiration of Feed-In Tariff certifications applicable to non-operational projects.