24 Jul '12, 3pm

MEGA DEAL: 400 MW #solar project agreement to bring hundreds of #renewable #energy jobs to Texas #renewables

CPS Energy and OCI Solar Power have signed a deal that they say will result in the construction of 400 MW of solar energy capacity, as well as bring several solar manufacturing facilities and jobs to San Antonio. The signing of the 25-year power purchase and economic development agreement follows several months of talks between negotiation teams with the utility and its partners. According to the companies, the 400 MW San Antonio project is the largest in the nation among municipal utilities, and will catapult Texas into the top five U.S. solar-producing states. The project is expected to produce enough electricity to power nearly 70,000 local households, or about 10% of San Antonio's customers. In addition, CPS Energy and OCI Solar Power say the agreement will result in the following: a new corporate headquarters in San Antonio; an estimated $100 million high-tech U.S. ma...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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