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

Shell Buys Out Partners in Renewable Venture

LCG, Jan. 23, 2002--The renewable energy firm Siemens und Shell Solar, a partnership between oil major Royal Dutch/Shell, the electronics firm Siemens, and the energy firm Eon, will be owned solely by Royal Dutch/Shell, following a buyout.

"Shell has a strategic commitment to making renewable energy a commercial reality, and this move is a key step in building a strong, global solar business," said Philippe de Renzy-Martin, the future executive vice-president of the resulting company.

An analyst speaking to the Financial Times said that he thought the reason for investment in renewable energy was "to appease governments and their customers. However, the research and development put into this may yield big gains in time."

Siemens und Shell Solar dates to April 2001. Royal Dutch/Shell last year said that, depending upon economic considerations, it intended to invest $500 million to $1 billion in energy sources such as solar, wind, hydrogen and geothermal over a span of five years. The deal, for which a price was not disclosed, will give Royal Dutch/Shell approximately 15 percent of the global photovoltaic market.

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