CPS Energy, OCI Solar Power launch 400 MW solar project

San Antonio, July 24, 2012 — A deal signed by CPS Energy and OCI Solar Power will result in the construction of 400 MW of solar energy, bring several manufacturing facilities that produce solar panel components, and create 805 jobs in San Antonio.

CPS Energy President and CEO Doyle Beneby inked the contract with Tony Dorazio, president of OCI Solar Power, making the 25-year power purchase and economic development agreement official.

This manufacturing-to-generation contract follows several months of talks between negotiation teams with the utility and its most recent New Energy Economy partners.

Providing enough electricity for nearly 70,000 local households—or about 10 percent of San Antonio’s customers—the final deal also will deliver $700 million in annual economic impact.

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