Japan’s JERA to buy two U.S. thermal power stations
TOKYO (Reuters) – JERA, Japan’s greatest energy generator, stated on Friday it had agreed to purchase all stakes in two thermal energy stations in the US with a complete capability of 1.63 gigawatts from funding agency Stonepeak for an undisclosed sum.
The crops are the Canal thermal energy station in Massachusetts and the Bucksport thermal energy station in Maine, JERA stated, including the deal could be finalised upon completion of all vital approval and authorisation procedures.
JERA plans to pursue decarbonisation paths on the crops, together with low-carbon biofuels rather than conventional fuels, renewable energy, mixing hydrogen in fuel generators and power storage options, the corporate stated in an announcement.
JERA, a three way partnership between Tokyo Electrical Energy Firm Holdings Inc and Chubu Electrical Energy Co Inc, stated on Thursday it could make investments 1.4 trillion yen ($11 billion)over the subsequent 4 years to increase abroad belongings and minimize carbon emissions, a pattern it expects to speed up following Russia’s invasion of Ukraine.
Russia calls its actions in Ukraine a “particular army operation”.
($1 = 129.1000 yen)
(Reporting by Yuka Obayashi; Enhancing by Subhranshu Sahu)
