Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTOsaka Gas, Oriden to develop 600 MW of solar, storage projects in the US
Solar system. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.
May 12 (Renewables Now) - Energy company Osaka Gas USA Corp (OGUSA) said on Wednesday that it is joining forces with Pittsburgh-based renewable energy developer Oriden LLC to develop over 600 MWac/700 MWdc of utility-scale solar and storage projects in the US.
The companies set out to work together through multiple stages of the project development until the start of construction.
OGUSA, which is the US unit of Japanese company Osaka Gas Co Ltd (TYO:9532), said that the projects will be located in "certain US markets", but provided no other details.
The partnership follows OGUSA's acquisition of the the 11-MW/15.7-MWdc Brighter Future solar project in North Carolina from Oriden. OGUSA bought this project alongside a company within Japanese group Mitsubishi Heavy Industries (TYO:7011).
Sunao Okamoto, OGUSA president and CEO, said that he expects the relationship with Oriden to expand through future collaboration.
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