OCI and CPS’s 400MW project will drive US$700 million into Texan economy

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Endemic overcapacity and continued price declines within the polysilicon sector impeded Korean OCI Company’s previously announced plans for the construction of two plants in May. Nevertheless, its North-American arm, OCI Solar Power, has signed a landmark deal with CPS Energy in San Antonio, Texas, to develop more than 400MW of projects. The contracts are based on a 25-year power purchase agreement.

OCI Solar Power’s enterprise will be realized with the help of a consortium of partners, brought together by the company. The conglomerate estimates the projects will create over 800 long-term jobs, drive an estimated US$700 million in economic development each year, with US$1 billion in construction investment.

Municipally-owned electricity utility CPS Energy has already made its mark on San Antonio with new offices and a 19.8MW project inaugurated in the area last month as well as a 14MW installation, also in Texas, completed last year. CPS Energy president and CEO Doyle Beneby unveiled plans to make San Antonio a New Energy Economy hub in June 2011. CPS Energy's approach for a new energy economy leverages the pursuit of low and no-carbon emitting energy resources to stimulate local economic and educational development.

The Solar Energy Industries Association is an aficionado of Texas-based solar power generation. Its recent report detailed the benefits of adding solar PV capacity to the grid to reduce power outages and lowering electricity costs by an estimated US$520 million.

Completion of the first phase of the project is expected by mid-2013 and is to generate 50MW of power. The construction's final phases include two 105MW plants to be built in West and North Texas.

Spearheaded by Anthony Dorazio new OCI Solar Power president, the company's ambitious game plan includes ultimately powering 70,000 homes. The company has pencilled in more than 40 projects, ranging from 3MW – 400MW, across the US and Canada

Nexolon America will act as the anchor to the consortium, although its parent company is currently involved in a partnership dispute with the Lopez group awaiting resolution at the International Chamber of Commerce. Regarding the Texan project, Nexolon be investing US$100 million in building a high-tech manufacturing facility and locating its North American headquarters in San Antonio, in total creating over 400 jobs.

“Nexolon is looking forward to becoming a leader in solar power manufacturing in the US and we're excited that our expansion into North America is taking place in one of the most historic cities in America. We expect to contribute greatly to San Antonio's New Energy Economy,” said Nexolon board chair and chief strategy officer Woo-Jeong Lee.

“San Antonio can be for the New Energy Economy what Silicon Valley is to software and Boston is to biotech,” says Mayor Julian Castro. The project is expected to catapult Texas into the top five US solar producing states.

19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.
20 October 2021
The race is on but we need to sprint… With global climate talks fast approaching and time running out to prevent the most disastrous impacts of climate change, now is the time to act. The Summit will explore the opportunities that emerge from taking action on climate change and provide a clear pathway forward for governments, citizens and companies. Taking place just 10 days before the G20 meeting in Rome, on 30-31 of October, and in the lead up to the critical COP26 meeting in Glasgow from 31 October–12 November, this event will be instrumental in influencing ambitious global action.
10 November 2021
The solar tracker market continues to mature at breakneck speed, with designs and component selections becoming ever-more complex in the pursuit of better project economics. But a more simplistic design could deliver a triple benefit of lower Capex, EPC and Opex costs. This webinar will set out the ideal single axis tracker design for utility-scale solar farms. The design leapfrogs from decades of experience, with a comprehensive understanding and attention to the three cost structures of Capex, EPC and Opx. Sun and Steel Solar has prototyped a single axis tracker designed to deliver up to US$0.03/W in real savings compared to existing single axis trackers on the market. That’s US$30 million for every gigawatt deployed.
15 November 2021
The 10th edition of the famous Metallization and Interconnection Workshop, MIW2021, will take place in the Thor Central venue in Genk, Belgium, on Monday, November 15, and Tuesday, November 16, 2021 as a face-to-face meeting. We are longing for direct exchange of knowledge and ideas after a long time. Hopefully you can be part of it! But of course, the organizors will keep an eye on the evolution of the Covid pandemic. It will be assess carefully, whether the workshop can be held without major risks or excessive restrictions. We are looking forward to exciting talks, discussions and meetings and to welcoming you in Genk!
23 November 2021
The solar, storage and EV industries in the UK are going from strength to strength. There is no better place for the community to meet, share ideas and do business than Solar & Storage Live from 23-25 November at the NEC.There’s something for everyone; more than 150 exhibitors, a high-level conference, a start up and innovation zone, a poster zone, strategic partners to network with and much more. 

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