Hecate Energy Sells 514 MW Solar Plant to Tokyo Gas America

Jul 30, 2020 12:18 PM ET
  • Hecate Energy has revealed the sale of its 514 MW ac Aktina Solar PV power plant situated in Wharton County, Texas, to Tokyo Gas America

Hecate Energy (Hecate), among the biggest privately-held independent solar power development companies in the US, has actually introduced the sale of its 514 MW a/c Aktina Solar PV nuclear power plant located in Wharton County, Texas, to Tokyo Gas America, a wholly-owned subsidiary of Tokyo Gas. The last closing is arranged for August 5, 2020.

Upon conclusion, Aktina Solar is anticipated to be the biggest solar PV project in Texas as well as one of the biggest in the United States. The project is set up to begin in Q3 2020, as well as the very first blocks will certainly be functional by Q3 2021. The project will certainly supply reliable tidy solar energy to the fast-growing Houston market and also bordering location for the coming decades.

The company mentioned that the project enhances Hecate's approach to create large-scale renewable resource projects in calculated locations across the US close to demand centrEs that support grid decarbonisation efforts.

In April, I Squared Capital, through its ISQ Global Infrastructure Fund I, completed the sale of Chenya Energy to Marubeni Corporation. Chenya Energy is a devoted solar development, building and construction and also operating platform in Taiwan and was a wholly-owned subsidiary of Asia Cube Energy, a pan-Asian sustainable portfolio firm started by I Squared Capital in 2017.

" In 3 years under I Squared Capital's stewardship, Chenya Energy expanded from 2.3 to 344.4 megawatts of solar capability across multiple modern technologies, consisting of floating, ground-mounted and rooftop services. The firm is presently constructing the globe's biggest floating solar project and also has proliferated to come to be the largest solar system in Taiwan," claimed Gautam Bhandari, Managing Partner at I Squared Capital.I

n April 2019, the company had sold 100 percent risk in Amplus Energy Solutions Pte Ltd, a leading Singapore-based business with a profile of distributed, renewable energy properties in Asia, to Petroliam Nasional Berhad (Petronas), Malaysia's completely incorporated oil as well as gas significant.

Solar Installers, Manufacturers