OCI Solar Power to Partner with CPS Energy in Largest U.S. Utility Solar Project

July 25, 2012 by  
Filed under Solar Energy Tips

ATLANTA–(BUSINESS WIRE)–OCI Solar Power signed a deal with CPS Energy today in San Antonio,
Texas, to develop, own and operate the largest municipal utility solar
project in the country. The groundbreaking sustainable energy
development project will produce more than 400 megawatts of power
through a consortium of partners brought together by OCI Solar Power for
the landmark deal. The project will also create more than 800 long-term
jobs and drive an estimated $700 million in economic impact each year.
OCI Solar Power is locating its U.S. headquarters in San Antonio.

“Today is an exciting day for OCI Solar Power as we expand our energy
portfolio with CPS and San Antonio”

As part of its plan, OCI Solar Power will develop several solar
facilities that will ultimately power more than 70,000 homes. The
company, which announced a new president last week, is surging toward a
new leadership position in the solar industry. With more than 40
projects ranging from 3 to 400 megawatts across the U.S. and Canada, OCI
Solar Power is creating new standards for partnerships and community

“OCI Solar Power is breaking new ground for sustainable energy in the
U.S.,” said Tony Dorazio, president of OCI Solar Power. “This project
will not only serve as a public-private partnership model for
communities around the country but also a blueprint for building a new
energy development hub. As part of our commitment to this vision and to
the San Antonio community, we will also drive investments in education,
research and development and the new innovations necessary to
sustainably impact the economy and landscape for years to come.”

The first phase of the project which includes 50 megawatts of solar
power will be completed by mid 2013. Plans are for the remaining
megawatts to be built through 2016. OCI Solar Power is also planning to
create an Engineering and Operations Center to fuel ongoing innovations
in sustainable and efficient solar energy production.

“Today is an exciting day for OCI Solar Power as we expand our energy
portfolio with CPS and San Antonio,” said Kirk Milling, president and
CEO of OCI Enterprises. “The consortium of global solar industry leaders
we have assembled will change the way the U.S. is able to access the
latest high-performance technologies and processes in solar energy
today. We look forward to working with our partners to serve CPS
Energy’s customers and the broader region.”

OCI Solar Power LLC is an emerging leader in the solar power
industry, providing innovation and development for utility scale solar
power plants in communities throughout the U.S. and Canada. OCI Solar
Power works with local officials, community organizations and leading
environmental and engineering firms to ensure that each project is
suitable for the community and built in an environmentally conscious
manner. OCI Solar Power is majority-owned by OCI Enterprises, Inc. which
is the North American subsidiary of OCI Company Ltd, headquartered in
Seoul, Korea. For more information, please visit www.ocisolarpower.com.

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