Tokyo Gas comes to US with Texas solar farm

By Jonathan Campion
The Japanese utility company Tokyo Gas is to enter the American solar market, after acquiring a prospective 500MWac solar farm in Texas...

Tokyo Gas has announced that it will create an American subsidiary, Tokyo Gas America, to manage the project, which will be developed by Hecate Energy in Chicago. 

The Texas project will be known as Aktina. Its acquisition, with a capital contribution of JP¥49 billion (US$466 million), will go through on Wednesday 5 August. 

Construction of Aktina will begin in autumn 2020, and will be brought online in stages, commencing in the second quarter of 2021. Tokyo Gas has commented that the location was chosen to be close to the high-demand load centre of Houston.

This deal is Tokyo Gas’ first acquisition outside of Japan, and will bring the company’s total solar portfolio to 1.2GW.


Featured Articles

Decentralised energy key to circumventing grid delays

Aggreko is advising the sector to consider short to mid-term decentralised energy solutions as an effective means of maintaining business continuity.

Renewable energy to become top source of electricity by 2025

According to the Energy Agency’s Electricity Market Report 2023, 90% of new demand between now and 2025 will be covered by clean energy sources

Nuclear energy — the unsung hero of the climate challenge

Nuclear energy’s green potential was brought to the spotlight at the recent COP 27 climate change conference in Egypt. How viable is it?

UK and US announce energy partnership

Oil & Gas

Alfa Laval to supply world’s largest green hydrogen plant

Smart Energy

COP27 agrees to climate compensation fund