24 Jul '12, 5pm

Landmark Manufacturing, Generation Solar Deal Struck in San Antonio

Landmark Manufacturing, Generation Solar Deal Struck in San Antonio

The deal pulled together by San Antonio municipal utility CPS Energy accomplishes a few things. It makes official a 25-year power purchase agreement reached with OCI Solar Power , which will develop, own and operate the solar generation facilities across Texas. OCI put together a consortium as it bid for the CPS project, and part of that group is Nexolon America, a subsidiary of Korean-based Nexolon. According to the agreement, Nexolon will build a high-tech manufacturing facility to produce components such as modules, trackers and inverters for the North American market. The OCI consortium will add more than 800 long-term jobs, including more than 400 in the manufacturing facility. Additional jobs will be created to build the solar facilities. Also, both OCI Solar Power and Nexolon America will set up headquarters in San Antonio. The deal has an estimated annual economic ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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