Osaka Gas USA Corporation ('OGUSA'), a wholly owned subsidiary of Osaka Gas Co. has entered into an agreement with EE North America, a wholly owned subsidiary of European Energy A/S, to acquire a 350MW, utility-scale solar project in Texas.
This mid-stage solar farm will have a generating capacity of 350 MWdc with an expected COD of Q3/2025. OGUSA will arrange all EPC, offtake, and financing before NTP in Q4 2023.
OGUSA has been co-developing and operating utility-scale and distributed generation solar power plants with several U.S. power generation and renewable energy developers. OGUSA has grown its renewable business pillar in the utility scale and distributed generation markets through joint ventures with multiple developers. Outside of these partnerships, OGUSA will continue to acquire mid-stage power assets throughout the US as it grows its asset management business.
'We take great pride in being trustworthy collaborators with our investors, financial partners, and the communities where we operate. Selling this project to OGUSA is part of our long-term strategy for growth, and we will continue to leverage our partnerships, share our expertise, and be a leading global force in promoting the green transition,' said Lorena Ciciriello, CEO of EE North America.
'We’re pleased to take over the development of this project from EE North America, an experienced developer delivering tailored clean energy solutions to a broad range of technologies. We hope to expand this longstanding relationship through future collaboration and contribute to the decarbonization of the US power grid,' said Sunao Okamoto, President & CEO of OGUSA.
Source: Osaka Gas USA
