- Press Releases
December 2 (Renewables Now) - JERA Americas, part of Japanese energy trader JERA Co, announced on Wednesday it has taken full control of the 300-MW El Sauz wind power project in Texas.
The Japanese firm’s Houston, Texas-based subsidiary has purchased a 100% stake in the specific project from its original developer Apex Clean Energy. Financial details about the transaction were kept under wraps.
To be installed in Texas’ Willacy County, the photovoltaic (PV) park is set to launch commercial operations in the closing quarter of next year. Construction works are slated to begin in early 2022. The plant will be equipped with 67 Nordex turbines of 4.5 MW each, which are expected to produce electricity that will be enough to supply around 240,000 homes annually.
Wanzek Construction Inc has been hired as the balance of plant contractor for the project.
The acquisition marks JERA Americas’ first renewable energy investment in the US. “We are looking to accelerate the transformation of our energy supply to more sustainable forms of energy and this project marks the beginning of what we plan to be a substantial and growing commitment to renewables in this state and across the country,” said CEO Steven Winn.
JERA aims to have 5 GW of renewable energy projects by 2025, with its US arm planned to contribute around 2 GW.