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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

LG Electronics Suspends Conergy Solar Joint-Venture Plans

LCG, November 13, 2008--LG Electronics (LG) announced late last week that it has discontinued discussions with Germany's Conergy AG (Conergy) regarding the creation of a joint venture for solar cell manufacturing due to current global financial uncertainty and differences in strategic directions. LG stated it will continue to explore opportunities in solar photovoltaic cell and module manufacturing.

LG and Conergy announced September 11 that they had executed a non-binding, Memorandum of Understanding (MOU) to form a joint venture in the solar module manufacturing business. LG was to have purchased a 75 percent stake in Conergy's solar module plant in Frankfurt, with Conergy retaining the remainder.

In October, LG announced that it plans to convert its A1 plasma panel-manufacturing line in Gumi, Korea, into two, crystalline silicon solar cell production lines. The first production line is scheduled to commence production in early 2010, with a second line entering production a year later.
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