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

Climate Trading Gains Momentum in EU

LCG, June 25, 2003--Lawmakers for the European Union will put a measure that would create a system for trading of carbon dioxide emission allowances to a vote before the European Parliament next Wednesday.

If approved, it would require that companies in industries such as oil refining, steel, cement, ceramics, glass and paper manufacturing release emissions based on tradable permits that would be priced by the market. The European Union could make progress towards emission reductions under the United Nations Kyoto Protocol. No decisions have been made yet on how to allocate the initial set of emission credits to particular industries, although the credits would be allocated by January 2005.

If companies fail to reduce emissions to match the number of credits they have or do not buy enough additional credits, they would have to pay fines of 40 euros per ton, and 100 euros by 2008. The trading of credits by EU companies would be allowed only within the EU at first, but might be allowed with companies elsewhere at a later date.
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