CPS Energy signs PPA with OCI Solar for another 50 MW
Solar panels. Author: Oregon Department of Transportation. License: Creative Commons. Attribution 2.0 Generic
Texas utility CPS Energy said Thursday it has signed a power purchase agreement (PPA) for 50 MW of solar capacity with developer OCI Solar Power, adding to a 400-MW PPA sealed by the companies in 2012.
The entire 450-MW solar complex is set to be completed by the autumn of 2016. So far, 90 MW of the project have been brought online, while the 95-MW Alamo 5 site is due to be inaugurated in the next couple of months. OCI Solar is currently installing the expanded solar generation near the Alamo 6 solar plant in Pecos County in western Texas, the municipally-owned utility said.
Once up and running, the solar complex will bring CPS Energy's total solar portfolio to almost 500 MW.
CPS Energy's 2012 agreement with OCI Solar has created a solar manufacturing hub in San Antonio. "With this recent agreement, we are staying true to our New Energy Economy framework with OCI Solar using locally manufactured panels and increasing their community education investments," said CPS Energy head Doyle Beneby.
OCI Solar is a subsidiary of South Korean polysilicon maker OCI Co Ltd (SEO:010060).