MHI AND OSAKA GAS ACQUIRE INTERESTS IN THE BRIGHTER FUTURE SOLAR FARM
Mitsubishi Heavy Industries (MHI) Group in partnership with Osaka Gas USA has purchased equity interest in the Brighter Future Solar Farm from project developer Oriden, an MHI Group company. The solar photovoltaic (PV) project will provide 11 megawatts of clean power for Blue Ridge Energy in North Carolina, United States. Following project completion, Mitsubishi Heavy Industries America, Inc. (MHIA) and Osaka Gas USA will manage day-to-day operations.
MHI Group is committed to building an innovative solutions ecosystem to realize a carbon neutral future. The global company identifies investment opportunities in carbon reduction projects and climate tech start-ups to accelerate its energy transition activities.
The Brighter Future Solar project aligns with that goal. It will generate and send 19,000 megawatt hours of carbon-free electricity into the grid annually. The project will enable Blue Ridge Energy to work toward its low cost, low carbon future that has two significant carbon reduction targets: to achieve 50 percent reduction in carbon emissions from 2005 levels by 2030 and to achieve net zero carbon emissions by 2050. Blue Ridge Energy will purchase the The Brighter Future Solar investment establishes a new business model for MHI Group. Oriden is a company backed by the MHI Group company Mitsubishi Power Americas, Inc., an industry leader in energy solutions. The existing Oriden-MHI Group relationship strengthens co-investors’ trust.full output of the project through a 25-year fully bundled Power Purchase Located in Pittsburgh, Oriden develops, constructs, finances, owns and operates renewable energy projects throughout the United States.Agreement.
(Source and image: MHI – Brighter Future Solar Farm)