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

Federal Loan Guarantees Approved For Nuclear Expansion

LCG, June 11, 2003--Senators narrowly approved a provision of a wider energy bill that would provide loan guarantees for construction of nuclear reactors.

Sen. Pete Domenici, R-N.M., chairman of the Senate Energy Committee, believes that providing federal backing to expansion of nuclear power would enable the industry to restart construction efforts that effectively ended in 1979. According to the Congressional Budget Office, there exists a "very high" risk of default associated with such a measure, with a price for each reactor projected at $2.1 billion to $3 billion. Six reactors would receive guarantees, based on a failed 48-50 vote to defeat the measure.

Sen. John Sununu, R-N.H., who sponsored the bid to defeat the guarantees, was quoted in the Wall Street Journal as saying, "We are putting the taxpayer at risk." Domenici thinks that although the House has not approved loan guarantees for nuclear power, final legislation will reflect them.
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