Hecate Energy Completes 514 MW Solar PLant Sale to Tokyo Gas America

US-based independent solar power developer, Hecate Energy said that it has sold its 514 MW Aktina Solar PV power plant located in Wharton County, Texas, to Tokyo Gas America Ltd., an arm of Tokyo Gas Co., Ltd.

However, its final closing is scheduled for August 5, 2020. Post completion, this solar power plant is expected to be the largest solar photovoltaic (PV) project in Texas and one of the largest in the US.

Moreover, this Aktina project is scheduled to break ground in Q3 2020, and its first blocks is expected to be operational by Q3 2021. Aktina Solar will provide reliable clean solar power to the fast-growing Houston market and surrounding area for the coming decades.

The company said in a statement that this project reinforces it’s strategy to develop large-scale renewable energy projects in strategic locations across the US, close to demand centers that support grid decarbonization efforts.

The company is a leading developer, owner, and operator of renewable power projects and storage solutions in North America and select international markets. It was founded in 2012 by a team of industry veterans, with this project the company has contracted or sold 2 GW of solar projects and an additional 100 MW of battery storage and other contracts.

The company has over 9.5 GW of additional solar power and 1.1 GW of storage in its active project pipeline.