Osaka Gas, Summit Ridge to mount 50 MW of distributed solar in Illinois
- Japanese company Osaka Gas Co Ltd (TYO:9532) has gotten in a joint venture (JV) with Virginia-based solar designer Summit Ridge Energy LLC to develop greater than 50 MW of dispersed solar parks in Illinois.
Under the bargain, authorized by regional subsidiary Osaka Gas United States Corp (OGUSA), the partners will certainly construct, possess and operate the solar portfolio, the Japanese company stated on Thursday.
The solar plants will provide clean power to both household and business consumers, taking advantage of the state's community solar programme.
This is the second time OGUSA as well as Summit Ridge join forces after a comparable deal which was introduced in 2021 and also is connected to 120 MW of community solar parks in Maine.
Summit Ridge, an expert in the operation of community solar possessions, develops, acquires, as well as funds solar power as well as battery storage projects. The business expects to have over 500 MW of solar and also 100 MWh of battery storage projects in operation by the end of following year.
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