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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

Survey of Offshore Areas Made Part of Senate Energy Bill

LCG, June 16, 2003--A vote to require the Interior Department to carry out a survey of offshore areas to estimate potential gas and oil reserves was approved by the Senate 54-44, despite a moratorium on offshore drilling scheduled through 2012.

A House-Senate conference committee will decide whether the measure is to be included in jointly developed legislation. Presidents Bush (the senior) and Clinton approved blocking funding of drilling projects, which have been opposed by legislators from coastal areas since the early 1980's. Supporters of the measure noted that it does not allow the leasing of lands, but would "simply help us to make more accurate and informed decisions," said Sen. Mary Landrieu, D-La.

Impetus for the survey came from concern about the current shortfall in natural gas production, of 3 trillion cubic feet annually, relative to 23 trillion cubic feet of consumption. Some who opposed the survey, such as Washington state's Maria Cantwell, a Democrat, believe the survey opens up their districts to possible economic harm, through potential effects of drilling on industries such as fishing and tourism.
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