Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

New York Announces Largest Combined Solicitations for Renewable Energy Ever Issued in the U.S.

LCG, July 23, 2020--The Governor of New York announced Monday the largest combined clean energy solicitations ever issued in the U.S. The solicitations seek up to 4,000 MW of renewable capacity to combat climate change. New York's second offshore wind solicitation seeks up to 2,500 MW of projects, which is in addition to last year's solicitation that resulted in nearly 1,700 MW awarded for the Empire Wind and Sunrise Wind projects. New York State has a goal of 9,000 MW of offshore wind capacity by 2035.

The solicitations include a multi-port strategy and requirement for offshore wind generators to partner with any of the 11 prequalified New York ports to stage, construct, manufacture key components, or coordinate operations and maintenance activities. Funding for port investments will include $400 million in both public and private funding that is comprised of: $100 million in Empire State Development grant funding, $100 million in low-interest financing and $200 million in private-sector matching funds.

The Governor stated, "During one of the most challenging years New York has ever faced, we remain laser-focused on implementing our nation-leading climate plan and growing our clean energy economy, not only to bring significant economic benefits and jobs to the state, but to quickly attack climate change at its source by reducing our emissions. With these record-breaking solicitations for renewable energy and new port infrastructure, New York continues to lead the way with the most ambitious Green New Deal in the nation, creating a future fueled by clean, renewable energy sources."

In addition to the offshore wind solicitation, the Governor announced the issuance by New York State Energy Research and Development Authority (NYSERDA) and New York Power Authority (NYPA) of solicitations for land based large-scale renewable energy projects under the State's ambitious Clean Energy Standard (CES). Together, the combined solicitations from NYSERDA and NYPA seek to procure over 1,500 MW of renewable energy. Applicable land-based projects selected will be fast-tracked to construction under legislation passed in the budget to accelerate renewable energy siting.

NYSERDA expects the solicitations, combined with a competitive multi-port funding opportunity, to lead to approximately $7 billion in direct investments. The solicitations prioritize hiring in Environmental Justice Areas and benefits to Disadvantaged Communities in line with the state's new climate law. The solicitation is a key step towards achieving New York State's mandate to secure 70 percent of the state's electricity from renewable energy by 2030.

Bids for this combined offshore wind and ports solicitation are due October 20, 2020, and awards and contracts are expected to be executed in the fourth quarter of 2020.

NYPA's President and CEO stated, "New York is leading the transformation to a clean energy economy by accelerating the development of more large-scale solar and wind projects in every corner of the state. These investments put us at the forefront of the transformation to clean energy and like New York always does, we are leading the charge. To achieve our national-leading goal of 100 percent carbon free electricity by 2040 and to make lasting impacts against the ravages of climate change, we must act now."
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