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

BP Solar Closes PV Manufacturing Operations in Maryland

LCG, March 31, 2010--BP Solar announced late last week that it will stop casting, wafering and cell manufacturing of silicon cells at its production facility in Frederick, Maryland. Although unit costs had been reduced nearly in half, lower market prices for solar photovoltaic cells have reduced margins.

BP Solar plans to continue to operate in the Unites States; however, solar cell production will occur through lower cost joint ventures and regional supply partners.

The CEO of BP Solar stated, "Solar prices declined between 40% and 50% since the onset of the financial and economic crisis, compressing industry margins and driving solar power towards grid competitive pricing. By shifting our supply to a high quality, low cost supply base to serve both distribution customers and large scale projects, we have strengthened our position as a provider of competitive solar solutions with our offer of the highest lifetime value."
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