OCI offloads 110-MW shovel-ready solar project in Texas to Mitsui

Apr 25, 2023 01:58 PM ET

OCI Solar Power, part of South Korean power and also chemicals firm OCI Co Ltd (KRX:010060), has actually sold a 110-MW ready-to-build solar project in Texas to Japan's Mitsui & Co (TYO:8031).

OCI offloads 110-MW shovel-ready solar project in Texas to Mitsui — Image: Copenhagen Infrastructure Partners PS.

The divestment worries the 3 W solar (PV) scheme in Hills County, OCI Solar claimed on Monday without offering economic information. The deal begins the heels of the San Antonio, Texas-based firm's recent agreement with Mitsui & Co U.S.A. Inc, the United States arm of the Japanese trading team, to companion in the development of solar projects.

The Three W facility will certainly be developed near Hillsboro, south of Dallas as well as is anticipated to be commissioned in 2025. Construction works are slated to start next year.

OCI Solar has developed a Texas portfolio totalling more than 3 GW, which includes projects in operation, under construction as well as in development. The business also has solar parks producing electrical power in Georgia and also New Jersey.

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