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

Ontario Scales Back Agreement with Korean Consortium to Develop Renewables

LCG, June 21, 2013--The Ontario government has renegotiated the province's Green Energy Investment Agreement (GEIA) with the Korean Consortium, which includes Samsung C&T Corporation, and reduced the planned investment in solar and wind energy development.

The revised GEIA reduces the total commitment for renewable energy projects from 2,500 MW to 1,369 MW, which equates to an estimated C$3.7 billion reduction in contract cost, or about $24 per year for the average residential consumer, according to the Ministry of Energy.

In an effort to increase local engagement, the Korean Consortium will be required to obtain municipal council support resolutions for all new renewable energy projects.

In January 2010, Ontario announced that it signed an agreement with a Korean consortium, led by Samsung C&T Corporation and the Korea Electric Power Corporation (KEPCO), to work with major partners to attract four manufacturing plants related to wind and solar technology for use in Ontario and to export to the United States.

Construction of the first wind farm associated with the GEIA, the 270-MW South Kent Wind Project, was announced in late March of this year. The South Kent Wind project stimulates the Ontario wind energy supply chain and includes 124 Siemens 2.3-MW turbines manufactured in the province, plus towers from facilities in Windsor, and blades from Tillsonburg.

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