US-Japan $33 Billion Gas-Fired Power Plant in Ohio
Under construction · Ohio · Last reported Mar 2026
Source: AOL
SoftBank Group Corp. was originally slated to earn fees from building and operating a $33 billion gas-fired power plant in Ohio. The project is part of a trade deal where Japan secured tariff relief from the U.S. in exchange for a $550 billion investment. The facility is entirely financed by Japan and jointly owned by the U.S. and Japan through a special-purpose vehicle created under the trade agr
- Status
- Under Construction
- Sector
- Power Generation (CCGT), Commercial
- Location
- Ohio, United States of America
- Updated
- 22 Jul 2026
- Source
- AOL
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Project Information
Participants
| Not available for this record. |
Status
Original status | under construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | SoftBank Group Corp. was originally slated to earn fees from building and operating a $33 billion gas-fired power plant in Ohio. The project is part of a trade deal where Japan secured tariff relief from the U.S. in exchange for a $550 billion investment. The facility is entirely financed by Japan and jointly owned by the U.S. and Japan through a special-purpose vehicle created under the trade agreement. SoftBank's anticipated fee for this project has been slashed by over 90% due to intervention from Tokyo officials amid concerns over the joint investment plan. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | Ohio |
Source
Source | AOL |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Commercial |
Article published date | 2026-03-24 |
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