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

TXU Acquires 51 Percent of German Municipal Utility

LCG, July 14, 2000--TXU Europe said yesterday that it will acquire a 51 percent interest in Stadtwerke Kiel, the municipal energy utility for the capital of Germanys Schleswig-Holstein province, for $215 million.

Stadtwerke Kiel serves about 250,000 electricity and gas customers in and around the city, which lies at south end of the Kieler Frde and is home to a major German naval base. The Kiel Canal connects the North Sea with the Baltic Sea.

Phil Turberville, chief executive of TXU Europe, said "We are delighted that this partnership hasbeen unanimously approved by the supervisory boards and the parliament, and we are veryencouraged by the support we have had from all parties, including the workers council and tradeunion."

Alan Wyatt, a TXU Europe senior vice president, said the acquisition "provides a very strongentry point for us into the German market."

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