SINGAPORE and TOKYO – May 21, 2025 – Global law firm Greenberg Traurig, LLP advised Stonepeak, a leading alternative investment firm, and CHC, a Singapore-based battery energy storage system (BESS) developer, on the participation of their energy storage platform in Japan’s second Long-term Decarbonization Capacity Auction.
The platform was awarded 20-year capacity charge contracts for five BESS projects totaling 348 MW, following a competitive process administered by the Organization for Cross-regional Coordination of Transmission Operators. This builds on the platform’s success in Japan’s inaugural auction, where it secured contracts for 131 MW across four projects. Greenberg Traurig also had advised the sponsors on the platform’s participation in that auction.
The platform is focused on the development of grid-scale battery energy storage projects across Japan and after consecutive wins in the auction aims to continue supporting Japan’s grid stability and reliability, as well as the country’s broader energy transition and decarbonization goals.
Greenberg Traurig provided legal support across corporate, regulatory, permitting, real estate, and development matters. The firm’s Asia Energy & Infrastructure Practice is recognized for advising on complex, cross-border energy transactions, while its Japan Real Estate team provided support on 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, Tokyo Shareholder. “We’re pleased to support our clients on the ground in Japan as they scale a platform that contributes to the country’s long-term energy resilience” said Jared Raleigh, Singapore Shareholder.
The Greenberg Traurig team was led by Joseph Kim, with Shareholders Yuko Ino, Jared Raleigh, and William Wu. Additional support was provided by Koh Ueda, Ji Hyung (Jay) Lee, Keijiro Yodozawa, Motohiro Matsumura, Tomoharu Tazumi, and Shuhei Mikiya.