San Antonio plans for 400-megawatt solar project and manufacturing facility
by Audrey N.
CPS Energy is entering into negotiations for a power purchase agreement from one of the nation’s largest solar projects. The project will mean new corporate headquarters and U.S. manufacturing operations for global companies in San Antonio. The offer from OCI Solar Power is expected to result in 400 megawatts (MW) of zero-emissions solar energy, enough to power 80,000 homes- and zero water use, another benefit for this dry region of South Texas. The project could potentially bring to the area 800-plus professional and technical jobs, and more than $1 billion in construction investment.
In response to CPS Energy’s request for proposals, OCI Solar Power invited manufacturers from across the industry to join this unique partnership. Nexolon—a global leader in manufacturing components used in solar panels was the best fit. As part of its commitment to the project, Nexolon would build a manufacturing facility and locate its North American headquarters in San Antonio.
The future addition of OCI Solar Power and Nexolon would bring the total number of clean energy companies, which CPS Energy has attracted to San Antonio, to seven. The utility revealed its plans to become a New Energy Economy hub in June 2011. CPS Energy’s approach for a new energy economy leverages low and no-carbon emitting energy resources to stimulate local economic and educational development.
CPS Energy is the nation’s largest municipally owned natural gas and electric utility, providing service to approximately 717,000 electric customers and 325,000 natural gas customers in and around the City of San Antonio. The utility ranks among the nation’s lowest-cost energy providers while ranking number 1 in wind-energy capacity among municipally owned utilities.
OCI Solar Power is a leader in the solar power industry, providing innovation and development for utility scale solar power plants in communities throughout the United States and Canada. With 40 projects currently in development, 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., the North American subsidiary of OCI Company Limited, headquartered in Seoul, Korea.