Risk of Changes to the FIT Scheme and Business Certification System
First written in FY2017. 2 of 4 entries say "Reframed", first in FY2022. Latest entry: FY2025.
Renova moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 5 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「In addition, to achieve carbon neutrality by 2050, the Japanese government launched long-term auctions for decarbonised power sources in fiscal 2023 to secure supply capacity from decarbonised power sources, including grid-scale batteries.」
In addition to the existing risks of changes to the FIT and FIP systems, the company identifies the scaling back or discontinuation of long-term auctions for decarbonised power sources and subsidy programmes, as well as changes to these systems, as risks. - FY2022ReframedAnnual report
「In addition, the Japanese government introduced the FIP system in April 2022. The system is intended to promote efficient power generation and electricity sales that take prices, supply and demand into account, and to establish an environment in which electricity generated from renewable energy can be traded appropriately in the market.」
In addition to the existing risk of changes to the FIT system, the company identifies the FIP system introduced in April 2022, as well as the impact of system transitions and changes on business plans and earnings, as risks. - FY2018RestatedAnnual report
「There is no guarantee that the current FIT system and the government’s renewable energy deployment targets will remain unchanged in the future.」
The company continues to disclose the risk of changes to the FIT system and the government’s renewable energy deployment targets. - FY2017First statedAnnual report
「There is no guarantee that the current FIT system and the government’s renewable energy deployment targets will remain unchanged in the future.」
The document indicates that a reduction or end to FIT, the transition from facility certification to business plan certification, and the cancellation of certifications could affect business plans and earnings.