Osaka Gas USA Corporation (“OGUSA”), a subsidiary of Osaka Gas Co., Ltd., has reached agreement with NOVI Energy (“NOVI”), a US based power project developer, to jointly develop a portfolio of more than 1 GW of utility-scale solar projects throughout certain US markets. This marks OGUSA’s first utility-scale solar investment in the US.
“OGUSA is pleased to partner with NOVI, an experienced energy solutions provider and developer focused on clean energy development with community collaboration. The partnership with NOVI launches our investment in utility-scale solar and storage, in line with the reduction of CO2 emissions targeted by the Daigas Group,” said Tetsushi Ikuta, President of OGUSA.
“We are incredibly proud to partner with OGUSA to accelerate the development of solar and energy storage projects across the country. This partnership will support our ability to deliver clean & affordable, and cutting-edge energy solutions while investing in local communities. We are committed to the environment, the communities we serve, and the future of clean energy – we can’t wait to get started,” said Anand Gangadharan, President of NOVI.
The joint development activities of the partnership will focus initially on a portfolio of utility-scale solar projects as Apricus Energy, newly formed between Novi and OGUSA.
Since its founding in 2002, NOVI has delivered clean, affordable energy solutions for customers around the world. NOVI is currently developing multiple renewable energy projects and is committed to delivering cutting-edge solutions to its clients while working with – and for – the communities it serves.
OGUSA focuses on its three core businesses of the Freeport LNG liquefaction project, shale gas development, and power generation. OGUSA strives to contribute to achieving a low carbon/carbon neutral society by developing renewables as well as natural gas-fired power plants.
About the Daigas Group
The Daigas Group aims to become carbon neutral by 2050. The Daigas Group set the following targets for 2030 as the milestones for the Group’s contribution to the reduction of CO2 emissions throughout society.
1. 5GW of renewables development contribution* on a global basis
2. Nearly 50% of the Group’s power portfolio in Japan consisting of renewables
3. 10 million tons/year of CO2 emissions reduction contribution
*Through its own capacity development and ownership as well as power procured from other companies.