EE North America, a subsidiary of European Energy, has agreed to sell a 350 MW solar project in Texas to Osaka Gas USA Corporation (“OGUSA”). The project is expected to be operational in 2025.
Important step
This transaction marks an important step in EE North America’s commitment to lead the global green energy transition by providing fully integrated, commercially mature and financially viable clean energy systems that facilitate decarbonization across a variety of industry sectors.
OGUSA, which has co-developed and operates large-scale, distributed solar power plants with several U.S. renewable energy developers, has strengthened its pillar of renewable energy business in the large-scale, distributed power market through joint ventures with several developers. Outside of these partnerships, OGUSA will continue to acquire mid-stage power generation assets throughout the U.S. region, while expanding its asset management business.
