On July 29, 2020, Tokyo Gas America, a wholly owned subsidiary of Tokyo Gas headquartered in Houston City, Texas, announced that it had established the TG Aktina Holdings and its subsidiaries in Delaware, and will purchase the Aktina Solar Project (Aktina Solar) through the TG Aktina Holdings. The acquisition of Aktina Solar was completed on August 5, 2020.

Aktina Solar was developed by a renewable energy development company, Hecate Energy (Headquarters: Chicago, Illinois). The project is located in Wharton County, Texas State. The current installed solar capacity is relatively low in Texas, but it is expected to grow in the future as the state has seen one of the highest GDP growth rate and population growth rates in the U.S., and is suitable for solar energy generation. Atkina Solar marks the first time for Tokyo Gas Group to participate in an overseas solar power generation business from construction to operation. Aktina Solar will start construction in 2020 and will begin commercial operations in 2021. The expected maximum capacity is 630MW.

With the addition of the Aktina Solar Project, Tokyo Gas’ total renewable energy capacity will be over 1,200MW. Based on Tokyo Gas’ Management Vision Compass 2030, Tokyo Gas aims to achieve net-zero CO2 emissions and reach 5GW of renewable power generation capacity by 2030.[1]

[1] https://www.tokyo-gas.co.jp/Press/20200729-03.html