Bioenergy

Japanese Energy Service Business Invests in American DG Facilities

Marubeni Corporation of Japan has purchased distributed generation (DG) facilities in the U.S. that provide energy services to end users at commercial buildings and industrial plants, and a biomass renewable energy power plant from a U.S. private equity fund and DG Energy Solutions, LLC (a U.S. energy project developer).

The equivalent electric generating capacity of these facilities, located in California, New York, New Jersey, Rhode Island, Pennsylvania and Oregon, is approximately 45 megawatts (MW). The acquired facilities include a power, steam, and chilled water supply facility for a large shopping mall (Kings Plaza Project), a district chilled water supply facility (Portland District Cooling Project), a co-generation facility for a Japanese chemical company, a chilled water and central plant facilities for a university and movie studio (Kingston Project), and a biomass power plant providing renewable energy to a large California electric utility (Fairhaven Project). Marubeni says it is the first Japanese company to enter this type of energy supply business with distributed generation facilities, aiming to expand the business in North America to more than 100 MW within less than three years. It plans to increase its renewable energy portfolio from its current 900 MW, among its total power generation assets of 8,000 MW.