Electric Power Development Co., Ltd. (headquartered in Chuo-ku, Tokyo; Toshifumi Watanabe, President, hereafter 'J-POWER') announces that it executed a Joint Development Agreement with Fortress Investment Group, LLC for new solar generation and energy storage projects through its 100%-owned subsidiary J-POWER USA Development Co., Ltd. ('J-POWER USA').
The purpose of the agreement is to cooperate in developing solar generation and energy storage projects in Virginia after closing Birchwood Power in March 2021, which is the coal-fired power plant and J-POWER has owned 50% of interest since 2007.
The Project is J-POWER's third solar projects in the United States.
J-POWER continues to pursue the growth of overseas power generation business including renewables.
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