A 25-year power purchase and economic development agreement signed by utility CPS Energy and OCI Solar Power will result in the construction of 400 MW worth of solar energy in San Antonio.
OCI Solar Power created a consortium of partners to deliver 400 MW of solar to CPS Energy throughout the 25-year life of the agreement. According to the contract, members of the consortium will build facilities in San Antonio to produce components for solar generation such as modules, trackers and inverters.
The anchor manufacturer in the consortium is Nexolon America LLC, a subsidiary of Nexolon. The company has committed to investing $100 million to build a high-tech manufacturing facility and will also locate its North American headquarters in San Antonio. The consortium's efforts on this project are expected to result in more than 800 long-term jobs in addition to the jobs that will be necessary to construct the manufacturing facilities and the solar energy plants.
