SINGAPORE and TOKYO – Global law firm Greenberg Traurig, LLP has provided legal advice to Stonepeak, an alternative investment firm, and CHC, a battery energy storage system developer based in Singapore. The guidance was for their participation in Japan’s second Long-term Decarbonization Capacity Auction.
The energy storage platform secured 20-year capacity charge contracts for five battery energy storage system projects totaling 348 MW. This follows a competitive process managed by the Organization for Cross-regional Coordination of Transmission Operators. In the previous auction, the platform had obtained contracts for 131 MW across four projects. Greenberg Traurig also advised on that initial auction.
The platform is dedicated to developing grid-scale battery energy storage projects throughout Japan. With these consecutive auction successes, it aims to support Japan’s grid stability and contribute to the country’s broader energy transition and decarbonization objectives.
Greenberg Traurig’s legal assistance covered corporate, regulatory, permitting, real estate, and development matters. The firm’s Asia Energy & Infrastructure Practice is known for its work on complex cross-border energy transactions. Additionally, its Japan Real Estate team supported real estate and permitting aspects of the projects.
“This result highlights the growing momentum behind battery storage as a key enabler of Japan’s decarbonization strategy,” said Joseph Kim, head of Greenberg Traurig’s Asia Energy & Infrastructure Practice. “It’s a privilege to help advance this important platform and support the delivery of long-term infrastructure in such a dynamic and evolving market.”
“This auction round demanded close coordination across multiple workstreams, including regulatory, structuring, and real estate,” Yuko Ino stated. Jared Raleigh added that they are pleased to support their clients in Japan as they expand a platform contributing to the country’s long-term energy resilience.
The team from Greenberg Traurig was led by Joseph Kim with Shareholders Yuko Ino, Jared Raleigh, and William Wu. Additional support came from Koh Ueda, Ji Hyung (Jay) Lee, Keijiro Yodozawa, Motohiro Matsumura, Tomoharu Tazumi, and Shuhei Mikiya.
