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

Bush Administration Seeking Concrete, Voluntary Emissions Reductions

LCG, Jan. 20, 2002--Bush administration representatives are making requests of large industrial companies that they outline and undertake steps to reduce greenhouse gas emissions from their operations, and put their promises to do so in writing.

The administration, which has been reluctant to expand regulation of industrial emissions because of what it sees as harmful economic effects, says it would like to bring the rate of greenhouse emissions per unit of gross domestic product down by 18 percent by 2012. Senior officials plan to announce the results of their current efforts on Feb. 6.

A policy analyst covering corporate environmental policies at the Washington, DC-based World Resources Institute, Elizabeth Cook, told the New York Times that voluntary reductions by industry have had little overall impact in the past decade in heading off global warming. Voluntary reductions by high-profile companies are becoming more prevalent and significant however, most notably with the announcement of the Chicago Climate Exchange, which will allow members to buy and sell greenhouse emission allowances while capping future emissions for members as a whole.

With some states enacting their own curbs on emissions, and targets for renewable energy as a percentage of overall electric power production, some companies feel that national legislation is inevitable. The administration's push to have specific targets by various types of industries, including power production, resource extraction, and manufacturing, will be "an ongoing thing from here," according to a White House official speaking to the Times.

Although executives at some companies who have been approached believe that voluntary reductions may delay regulations which they would not like to see enacted, others are unhappy with the seriousness of the administration's request, and are not sure whether it is in fact voluntary, due to the possibility that if they were to refuse, new regulations might then be signed into law.
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