Osaka Gas Enters Footprint in United States' RE Space; Invests in SolAmerica

• Osaka Gas USA (OGUSA), an arm of Osaka Gas Co., has actually consented to purchase SolAmerica Energy, US-based dispersed solar power project developer and also EPC carrier.

This joint endeavor will certainly note the firm's very first financial investment in the United States renewable resource field. It will certainly likewise additionally broaden it's power profile in North America.

The financial investment will certainly better be made use of by SolAmerica Energy to expand its service in both current as well as brand-new markets.

The emphasis of this development will certainly consist of solar-plus-storage, neighborhood solar, as well as commercial as well as business behind-the-meter solar projects in feedback to expanding consumer needs.

Discussing the advancement, Tetsushi Ikuta, President of OGUSA, stated that "OGUSA is actually thrilled concerning this tactical collaboration with SolAmerica Energy. Our company believe it will certainly be a purposeful action for us in the direction of our objectives in the United States eco-friendly field. OGUSA will certainly proceed our deep dedication to the United States power market in parallel with our gas producing service."

SolAmerica Energy was founded in 2009 and also has actually created & created over 100 MW of solar projects throughout the eastern fifty percent of the United States.

With this financial investment in SolAmerica, OGUSA will certainly hold a considerable, non-controlling equity passion in a recently developed joint endeavor (JV) firm, along with SolAmerica Energy monitoring group and also existing investors.

Renewable resource stands for a raising share of the U.S. power generation mix. Need for both tiny and also on-site utility-scale dispersed solar and also storage space projects is anticipated to increase as energies as well as clients progressively gain from these remedies.

"Our group at SolAmerica is thrilled regarding OGUSA's financial investment in our organisation. We expect dealing with OGUSA to proceed expanding our solar and also storage space growth abilities throughout the United States," claimed R. Stanley Allen, Chief Executive Officer of SolAmerica Energy.

Osaka Gas, part of the Daigas Group, is concentrated on promoting a low-carbon culture. This goal consists of advancement and also procedure of renewable resource projects as well as growth of its impact in the United States renewable resource room. OGUSA's choice to companion with SolAmerica Energy straightened with its assistance for the shift to lasting, low-priced power.