EE North America, a subsidiary of European Energy, has agreed to sell a 350MW utility-scale solar project in Texas to Osaka Gas USA Corporation (OGUSA).
The project is expected to be operational in 2025.
Lorena Ciciriello, CEO of EE North America, said: “We take great pride in being trustworthy collaborators with our investors, financial partners, and the communities where we operate.
“Selling this project to OGUSA, is part of our long-term strategy for growth; and we will continue to leverage our partnerships, share our expertise, and be a leading global force in promoting the green transition.”
OGUSA has been co-developing and operating utility-scale and distributed generation solar power plants with several US power generation and renewable energy developers.
The company has grown its renewable business pillar in the utility-scale and distributed generation market through joint ventures with multiple developers.
Outside of these partnerships, OGUSA will continue to acquire mid-stage power assets throughout the US as it grows its asset management business.