The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Landmark Manufacturing, Generation Solar Deal Struck in San Antonio

San Antonio's goal of becoming a renewable energy hub took a major step forward this week with the announcement that a $100 million manufacturing operation was moving into the city to help serve a 400-megawatt (MW) solar project.

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 impact of about $700 million, and it comes with $1 billion in projected construction investment. CPS said it plans to bring the first 50-MW plant — located in San Antonio — online by 2013. According to the San Antonio Express-News, the 400 MW will take four years to complete. Other facilities will include a 35-MW plant in an adjacent county, a 105-MW plant about 120 miles north of San Antonio, a 105-MW plant in West Texas and a 105-MW plant in North Texas.

According to CPS Energy, the manufacturing-to-generation deal is the first of its kind, and the size of the 400-MW project certainly sets it apart from any other municipal utility solar development. The project itself started out as a much smaller endeavor last year, but quickly grew eight-fold to 400 MW once bids came in reflecting the plummeting prices of PV.

Untitled Document

RELATED ARTICLES

Why the Future of the Yieldco Is at Risk

Haresh Patel In the past two years, the proliferation of YieldCos, and their ability to open new sources of capital for renewable energy projects, has captured the attention of the energy industry. While a YieldCo’s potential to catalyz...

Schneider Electric and Saft Partner on Corsican Solar-Energy Storage Project

Andrew Burger Lithium-ion batteries will be used to store PV energy produced by two new solar energy installations and dispatch it to the grid on the French Mediterranean island of Corsica. Supplied by Saft, each 1-MWh advanced battery s...

Listen Up: Vampires Sucking Power from your House

The Energy Show on Renewable Energy World Here’s a nightmare for you: at night, when you’re asleep and you think things are quiet, there are vampires sucking power out of your house and increasing your electric bill. The fact of the matter is that every plugged in ...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Grid-connected and Off-grid Photovoltaics

This training covers all aspects of planning, installation, maintenance,...

2015 Green Energy Expo

Stop by and visit Canadian Solar at the Green Energy Expo in Mexico City!

2015 Intersolar-South America

Canadian Solar will be exhibiting @ Intersolar-South America. Stop by an...

COMPANY BLOGS

More Solar Installed in 18 Months Than Past 30 Years

Creative financing options, declining solar system costs, and evolving i...

The Untapped Potential of Solar Schools in Massachusetts

School districts across America are beginning to see the light, as they ...

Colorado Knows How to Maximize 300 Days of Sunshine

Denver residents are taking advantage of the city’s sunny days and...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS