OCI selling Texan 106MW PV power plant to Con Edison Development

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
OCI has sold its 106MW (AC) Alamo 7 PV power plant for US$226.9 million to Con Edison Development.

Korean chemicals and polysilicon producer OCI has sold its 106MW (AC) Alamo 7 PV power plant for US$226.9 million to Con Edison Development. 

OCI said that the Alamo 7 plant was the second largest of its 400MW Alamo projects that are being built in partnership with City of San Antonio and uses n-type monocrystalline modules from PV manufacturer, Mission Solar also based in San Antonio and an affiliate of OCI. 

The company noted that the net proceeds from the sale would be reinvested in further PV projects in North America, India and Africa. 

OCI also plans to build and construct a 50MW PV power plant, dubbed Project Pearl in Texas, outside the City of San Antonio partnership. The project is set to start construction in January 2016 and is expected to be complete in late 2016, according to the company.

Late last year OCI sold OCI Materials, a subsidiary producing  nitrogen trifluoride (NF3), to SK Corporation to focus more on its core businesses and improve liquidity.

Read Next

June 2, 2021
The first phase of GCL System Integration Technology's (GCL-SI) 60GW module factory in Hefei, in China’s Anhui Province, is on track to start production this September.
May 13, 2021
The solar module manufacturing subsidiary of Italian utility Enel is aiming to scale up annual production capacity to 3GW in the second half of 2023, the company has confirmed.
April 28, 2021
Renewable energy group BayWa r.e. has opened what it claims is its largest PV warehouse in Europe yet in a bid to expand its distribution network in the continent.
PV Tech Premium
April 20, 2021
‘Solar Module Super League’ (SMSL) member Canadian Solar is planning to launch its first N-type heterojunction (HJ) PV modules in the second half of 2021, PV Tech can reveal.
April 14, 2021
Meyer Burger is on track to start shipments of its first heterojunction (HJ) solar modules made in Germany to distributors in July.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Webinar
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021