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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

Duke Closing Merchant Business Unit

LCG, Mar. 7, 2003--Duke Energy will sell off assets and discontinue new financing arrangements through its Duke Capital Partners unit, which provided capital financing and advisory services to merchant energy developers.

Duke Capital Partners operations have been conducted through offices in Charlotte, N.C., and Houston, and currently employ 30 people. Richard Osborne, Duke Energy's executive vice president and chief risk officer said, "Duke Capital Partners built a sound portfolio of quality assets in its three years of operations. However, the energy industry has changed tremendously in that time."

The unit, which started assisting clients in North America with debt and equity financing in 2000, will sell approximately $350 million worth of assets over two years.
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