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J-Power takes 10% stake in Australian renewables developer Genex Email J-Power also recently announced it is to convert a retired coal plant in the US into a 240MW solar-plus-storage site. Image: J-Power USA Japanese power company J-Power has acquired a 10% stake in renewables and pumped hydro developer Genex Power through its Australian subsidiary JPGA Partners. Genex – which has three solar assets in stages ranging from feasibility to operation – has worked with J-Power previously to expand its renewable energy projects, with this based on a technical services agreement to support the construction and operation of the former’s 250MW pumped storage hydro power plant, as well as a development funding agreement for a new 150MW wind power project which is currently at the feasibility study stage. ....
J-Power subsidiary to turn Virginia coal plant into solar-plus-storage facility Image: J-Power USA Japanese power company J-Power is to convert a retired coal plant in the US into a 240MW solar-plus-storage facility through its local subsidiary. J-Power USA, wholly owned by the Tokyo-based power producer, will work with funds managed by Fortress Investment Group to develop a 50MWac capacity solar facility and 190MWac battery energy storage system in Virginia. Called the Birchwood solar and storage project, construction is set to begin next year, with the facilities coming online in 2023. The announcement comes after the closure of the coal-fired Birchwood Power plant last month, which has been in operation in King George, Virginia, since 1996 and became 50% owned by J-Power in 2007. ....