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

Finalized deal creates hundreds of jobs and will serve as industry standard for sustainable communities

The Wall Street Journal

ATLANTA, Jul 23, 2012 (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.

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 development.

Read the full story from The Wall Street Journal

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