31 Jul '12, 9am

OCI secures 400MW solar energy agreement in Texas: A landmark deal signed municipal utility CPS Energy and OCI S...

CPS Energy President and CEO Doyle Beneby inked the manufacturing-to-generation contract with Tony Dorazio, president of OCI Solar Power last week, making the 25-year power purchase and economic development agreement official. 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, according to the CPS Energy. It will bring the Greater San Antonio area around $1bn in construction investment in addition to an annual economic boost of $700mn, the firm says. Providing enough electricity for nearly 70,000 local households (about 10 percent of San Antonio's customers) the final deal also will deliver an estimated $100 million high-tech US manufacturing operation in south San Antonio. In addition, 800-plus professional and technical jobs with an annual payroll of nearly $40 mill...

Full article: http://www.renewableenergyfocus.com/view/27287/oci-secure...

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