Advanced Power announced that it has sold a 10% membership interest in South Field Energy Partners LLC ("South Field Energy Partners") to Chugoku America Power America, LLC ("CEPA"), an affiliate of The Chugoku Electric Power Co., Inc. ("Chugoku"), a leading electric utility in Japan.

South Field Energy Partners is the 100% indirect owner of South Field Energy LLC which owns an approximately 1,182 MW natural gas-fired combined cycle electric generating facility currently under construction in Columbiana County, Ohio ("South Field Energy") with commercial operation scheduled for mid-2021.

Upon achievement of commercial operation, South Field Energy will sell capacity, energy and ancillary services into PJM, the largest regional transmission organization within the United States.

Tags:
Advanced Power   PJM   Finance   Chugoku  

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