Osaka Scoops 350-MW Solar Portfolio From EE North America

European Energy subsidiary EE North America has announced that it has signed an agreement to sell a 350-MW utility-scale solar project in Texas to Osaka Gas USA Corporation (OGUSA). The solar power project is expected to be operational in 2025.

OGUSA is a wholly owned subsidiary of Osaka Gas Co., Ltd., one of the largest energy utility companies based out of Japan. The financial details of the deal are yet to be disclosed.

This solar projects’ transaction marks a significant milestone in EE North America commitment to leading the global transition to green energy by delivering fully integrated, commercially mature, and financially viable clean energy systems that facilitate decarbonization across a variety of industries.

Lorena Ciciriello, CEO of EE North America, underscored the importance of the agreement with OGUSA, “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.”

OGUSA, which has been co-developing and operating utility-scale and distributed generation solar power plants with several U.S. power generation and renewable energy developers, has grown its renewable business pillar in the utility-scale and distributed generation market through joint ventures with multiple developers.

EE North America said that outside of these partnerships, OGUSA will continue to acquire mid-stage power assets throughout the U.S. as it grows its asset management business.

“We hope to expand this longstanding relationship through future collaboration and contribute to the decarbonization of the U.S. power grid.” said Sunao Okamoto, President & CEO of OGUSA.

EE North America looks to develop 10 GW of renewable energy in the US by 2026 through solar, wind and Power-to-X expansion. It has also partnered with Elio Energy to develop a pipeline of 2 GW of solar power generation and energy storage in Arizona and surrounding states.