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

EdF Buys UK Distribution, Generation from TXU

LCG, Nov. 19, 2001--Electricit de France made further inroads into the British electricity market today with the 1.31 billion ($1.86 billion U.S.) acquisition of distribution company Eastern Electricity and the 366 million ($520 million) purchase of the 2,000 megawatt West Burton power station.

The seller in both instances was TXU Europe, a unit of U.S. utility holding company TXU Corp.

Bruno Lescoeur, chief executive of EdF's London Electricity, said the deals "are part of our strategy to consolidate our position within the UK market, which is consolidating."

Eastern Electricity's distribution network in East Anglia will be folded into London Electricity and the West Burton station will give EdF something like 7 percent of the British generation market -- still well behind rivals such as Powergen.

Paul Marsh, chief operating officer of TXU Europe, said "We will now focus on continuing our history of outstanding earnings growth by further strengthening our business in the UK market and accelerating our already rapid growth in the rest of Europe."

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