OCI Energy Sells 327-MWdc Texas Solar Project to Hyundai Engineering

• OCI Energy has sold the 327-MWdc Clairemont solar project in Kent County, Texas, to Hyundai Engineering.
• It is the second sale to the Korean group after the 260-MWdc Hillsboro project in 2024.
• Construction is expected to start in the third quarter of 2027, with completion in the third quarter of 2029.

OCI Energy has sold Project Clairemont, a 327-MWdc solar project under development in Kent County, Texas, to South Korea's Hyundai Engineering Co. The US developer announced the sale in a statement on Nov. 12, a day after the two companies held a ceremony in San Antonio to mark the closing.

Neither side disclosed a price for the project sale. The release gives the project's size only in direct current and does not name a power buyer or a construction contractor. Sidley Austin represented OCI Energy in the sale, and K&L Gates represented Hyundai Engineering.

It is the second deal between the two. In July 2024, OCI Energy sold Project Hillsboro, a 260-MWdc project in Hill County, Texas, to the same buyer. OCI said at the time that Hyundai Engineering would build that plant and expected it to start operating in the first quarter of 2027.

Both projects sit in the state that leads US utility-scale solar construction. Developers planned 43.4 GW of new utility-scale solar nationwide in 2026, and 40% of it was in Texas, according to the EIA.

The deal in numbers

• 327 MWdc of solar capacity at Clairemont, which is still under development in Kent County.
• 260 MWdc at Hillsboro, the first project OCI Energy sold to Hyundai Engineering, in July 2024.
• 587 MWdc sold by OCI Energy to Hyundai Engineering across the two Texas projects (list.solar calculation).
• 26% more DC capacity at Clairemont than at Hillsboro (list.solar calculation).
• About two years of construction, from a start in the third quarter of 2027 to completion in the third quarter of 2029 (list.solar calculation).
• About 17.4 GW of utility-scale solar planned for Texas in 2026, or 40% of the 43.4-GW US total reported by the EIA (list.solar calculation).

OCI Energy develops, owns and operates utility-scale solar and battery storage projects and has been active since 2012. It describes its pipeline as multi-gigawatt. Hyundai Engineering, founded in 1974, said the purchase adds to its growing renewable portfolio in the US and advances its long-term growth strategy there.

"We're proud of the work our team has done to bring this project forward and to see it move into its next phase," Sabah Bayatli, president of OCI Energy, said.

Construction at Clairemont is expected to begin in the third quarter of 2027, with completion anticipated in the third quarter of 2029.