OCI Solar Power Sells 110 MW Texas Solar Project to Mitsui

• The sold off solar power project lies in Hill County, Texas called 'Three W Solar.'
• The two firms collaborated last February for utility-scale solar power projects in Texas.

Just as Joe Biden management is raising the renewables in the United States via legal and management workout, Texas based utility-scale developer OCI Solar Power has announced that it has actually marketed a 110 MW construction-ready, solar photovoltaic or pv project to Mitsui & Co., Ltd. The solar power project lies in Hill County, Texas named 'Three W Solar.'

Two months ago OCI Solar Power signed an agreement with Mitsui & Co and introduced their intent to team up on solar projects in Texas. Under the agreement, OCI Solar Power said that it will develop the solar projects and supply them to Mitsui & Co. Ltd. for financial investments.

3 W Solar remains on 875 acres near Hillsboro, south of Dallas. Construction of the project is slated to begin in 2024 and the solar project will be operational in 2025.

Charles Kim, President & CHIEF EXECUTIVE OFFICER, OCI Solar Power said, "We invested almost 2 years creating 3 W Solar, dealing with landowners and also the institution district, and also finishing all the environmental researches as well as resolving the electric interconnection requirements needed to start building. Now, we're thrilled to introduce that Mitsui has actually acquired the project and also will certainly take it to conclusion. Producing more reputable, sustainable, cost effective energy is a win for all Texans."

OCI Solar Power asserts that it has actually come from greater than 3 GW of solar and energy storage space projects in operation, unfinished, and also in development throughout America. OCI Solar Power has additionally served just recently as the EPC to update the Alamo 2 Solar Farm in an effort to maximize performance and reliability.

The solar firm is headquartered in San Antonio, Texas and it establishes, constructs, financial resources, owns, and operates solar photovoltaic or pv (PV) centers. The company has focusing on utility-scale solar and energy storage projects throughout the USA. OCI Solar Power is a wholly-owned subsidiary of OCI Business Ltd., a publically-traded business in South Korea.

On the other hand, Mitsui is a diversified and detailed trading, investment, as well as solution business in Japan.