Kansai Electric Power (KEPCO, Headquarters: Osaka City, Osaka Prefecture) announced on July 10, 2020, that KPIC USA, its wholly owned subsidiary, has concluded an agreement with Ares Infrastructure and Power (Headquarters: New York City, New York State, U.S.), an infrastructure and energy investment management company, to acquire 48.5 percent of the shares of Aviator Wind, an onshore wind farm project located in Coke County, Texas State, U.S.

The commercial operation of the Aviator Wind Farm Project (Aviator) is expected to begin in August 2020. Aviator is expected to be equipped with 191 wind turbines and will have a total capacity of 525MW. When it begins its commercial operations, Aviator will be the largest wind project in the U.S. This deal will be the first renewable energy investment by KEPCO in the U.S., and marks KEPCO’s fifth overseas wind power project investment, following two onshore projects and two offshore projects in Europe. Counting Aviator, KEPCO’s total capacity of its overseas renewable energy projects will be 949MW, and its overseas projects will reach a total of 2,861MW.

Based on KEPCO’s Medium-Term Management Plan, KEPCO seeks to expand its overseas business and renewable energy portfolio. With the addition of approximately 255MW of output equivalent equity portions from Aviator, KEPCO’s total renewable energy capacity will reach 4,720MW. KEPCO will continue to invest in renewable energy in order to reach a total of 6,000 MW in the 2030s.[1] [2]

[1] https://www.kepco.co.jp/corporate/pr/2020/0710_2j.html

[2] https://www.kepco.co.jp/english/corporate/pr/2020/pdf/july10_2.pdf