The project is expected to produce more than 400 MW of power through a consortium of partners brought together by OCI Solar Power.
In a written statement, the company said once completed, the project will create more than 800 long-term jobs and drive an estimated $700 million in economic impact each year.
In addition, OCI Solar Power will be moving its US headquarters from Atlanta, Georgia to San Antonio, most famous as the site of the Alamo (pictured above) and its role in Texas' war for independence in the early 19th century.
As part of its plan, OCI Solar Power will develop several solar facilities that will ultimately power more than 70,000 homes.
The company, which announced a new president last week, is currently on a roll, with more than 40 projects ranging from 3 to 400 MW across the US and Canada.
"OCI Solar Power is breaking new ground for sustainable energy in the US," said Tony Dorazio, president of OCI Solar Power. "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," Dorazio said.
The first phase of the project which includes 50 MW of solar power 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.
"Today is an exciting day for OCI Solar Power as we expand our energy portfolio with CPS and San Antonio," said Kirk Milling, president and CEO of OCI Enterprises. "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."
For additional information:
