The Culture of Business
Great news from CPS Energy and OCI Solar Power:
CPS Energy signed a landmark deal Monday with OCI Solar Power that calls for the construction of five solar plants around the state, providing CPS with access to 400 megawatts of power.
The deal will bring to San Antonio 805 jobs paying an average of $47,000 a year — a payroll of about $40 million.
Part of the agreement calls for a $100 million, high-tech manufacturing plant to be built by Nexolon America LLC on the South Side. The plant will build solar components.
OCI said the solar plants will be built in phases and will take four years to complete. The first, a 50-megawatt plant, will be built in San Antonio. A second plant, producing 35 megawatts, will be built in an adjacent county.
The third, producing 105 megawatts, will be built within 120 miles of San Antonio.
The construction’s final phases call for a 105-megawatt plant to be built in West Texas and another 105-megawatt plant to be built in North Texas.
Nexolon America has established its North American headquarters here, while OCI has made San Antonio its world headquarters, CPS said.