European Energy’s subsidiary EE North America has agreed to sell a 350 MW energy-scale solar project in Texas to Osaka Gas USA Corp. (OGUSA). The project is expected to be operational in 2025.
This transaction underscores EE North America’s mission to lead the global transition to green energy by delivering fully integrated, commercially mature and economically viable clean energy systems that facilitate carbon reduction across multiple industries.
Lorena Ciciriello, CEO of EE North America, emphasized the importance of the agreement with OGUSA: “Selling this project to OGUSA is part of our long-term growth strategy; and we will continue to leverage our partnerships, share our expertise and be a leading global force in advancing the green transition.”
OGUSA, which has developed and operated co-generation and distributed generation solar plants with several US power generation and renewable energy developers, has grown its renewable energy business in the electricity scale and distributed generation markets through joint ventures with several developers. Outside of these partnerships, OGUSA continues to acquire mid-stage capabilities from across the United States as it grows its asset management business.
“We are pleased to take over the development of this project from EE North America,” said Sunao Okamoto, CEO of OGUSA. “We look forward to expanding this long-standing relationship through future collaboration and contributing to decarbonizing the U.S. electricity grid.”