OCI Solar Power to develop utility solar project with CPS Energy

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OCI Solar Power to develop utility solar project with CPS Energy

Greentech Lead America: OCI Solar Power, a developer of
utility scale solar power plants, has entered in to an agreement with CPS
Energy in San Antonio, Texas, to develop, own and operate the largest municipal
utility solar project in the US.

OCI Solar Power will bring a consortium of
partners to develop sustainable energy development project. OCI Solar Power
will develop several solar facilities that will ultimately power more than
70,000 homes.

“The consortium of global solar industry leaders we have
assembled will change the way the U.S. is able to access the latest
high-performance technologies and processes in solar energy today. We look
forward to working with our partners to serve CPS Energy’s customers and the
broader region,” said Kirk Milling, president and CEO of OCI Enterprises.

The projects are expected to generate more than 400
megawatts of power. The projects will also create more than 800 long-term jobs
and drive an estimated $700 million in economic impact each year.

OCI Solar plans to produce 50 MW of solar power in first
phase of the project, which will be completed by mid 2013. Plans are for the
remaining megawatts to be built through 2016. OCI Solar Power is also planning
to create an Engineering and Operations Center to fuel ongoing innovations in
sustainable and efficient solar energy production.

 “This project will not only serve as a
public-private partnership model for communities around the country but also a
blueprint for building a new energy development hub. As part of our commitment
to this vision and to the San Antonio community, we will also drive investments
in education, research and development and the new innovations necessary to
sustainably impact the economy and landscape for years to come,” said Tony
Dorazio, president of OCI Solar Power.

CPS Energy and SunEdison complete new solar farms for San
Antonio Water System

Recently, CPS Energy dedicated19.8 MW William R. Sinkin
Centennial Solar Farms 1 and 2. The project will produce enough clean power for
an estimated 2,550 average Texas homes annually. CPS Energy has partnered with
SunEdison to construct these two sites.

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