Osaka Gas USA Corp. is expanding its solar footprint in North America, having agreed to purchase a 350-megawatt solar project in Texas from European Energy subsidiary EE North America. (Source: Shutterstock.com)
Osaka Gas USA Corp. is expanding its solar footprint in North America, having agreed to purchase a 350-megawatt solar project in Texas from European Energy subsidiary EE North America.
The sale is part of EE North America’s long-term growth strategy as the company works to become a “leading global force in promoting the green transition,” EE North America CEO Lorena Ciciriello said in a news release May 16.
Osaka, which focuses on power generation as well as LNG liquefaction and shale gas development, will take over development the solar project. It is expected to start operations in 2025, according to the news release.
“We hope to expand this longstanding relationship through future collaboration and contribute to the decarbonization of the U.S. power grid,” Osaka Gas USA CEO Sunao Okamoto said.
Financial details were not disclosed.
Recommended Reading
E&P Highlights: March 20, 2023
2023-03-20 - Here’s a roundup of the latest E&P headlines, including a Black Sea discovery and new contract awards in the upstream oil and gas industry.
Petrobras Pushes CO2 Reinjection Target After Record-setting 2022
2023-03-06 - Brazil’s state-owned oil giant Petrobras aims to reach an accumulated reinjection target of 80 million tonnes of CO2 in CCUS projects associated with enhanced oil recovery (EOR) by 2025.
FPS Activity Remains Strong Despite Obstacles
2023-04-14 - Floating production systems remain in demand, despite concerns about keeping up with demand, financial pressures and reservations that activity could drop off over the long term.
COO Richard Dealy: Pioneer Gears Up to Test Permian’s Woodford, Barnett Zones [WATCH]
2023-03-21 - Pioneer Natural Resources President and COO Richard Dealy discusses what's on tap for its Permian Basin, including electrification of fields, production growth, "decades of inventory" and wind turbines.
Hess’ Guyana Assets Set to Dethrone Bakken Around 2025
2023-04-28 - Hess Corp.’s new assets offshore Guyana are on track to dethrone its Bakken shale assets around 2025 to become the New York-based company’s top North American producing asset.