OCI Solar Power Sells 110 MW Texas Solar Project to Mitsui

Just as Joe Biden administration is pushing up the renewables in the USA through legislative and administrative exercise, Texas based utility-scale developer OCI Solar Power has announced that it has sold a 110 MW construction-ready, solar photovoltaic project to Mitsui & Co., Ltd. The solar power project is located in Hill County, Texas named ‘Three W Solar.’

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

Three W Solar sits 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 & CEO, OCI Solar Power said, “We spent nearly two years developing Three W Solar, working with landowners and the school district, and completing all the environmental studies and addressing the electrical interconnection requirements needed to begin construction. Now, we’re excited to announce that Mitsui has purchased the project and will take it to completion. Producing more reliable, sustainable, affordable energy is a win for all Texans.”

OCI Solar Power claims that it has originated more than 3 GW of solar and energy storage projects in operation, under construction, and in development across America. OCI Solar Power has also served recently as the EPC to upgrade the Alamo 2 Solar Farm in an effort to maximize performance and reliability.

The solar company is headquartered in San Antonio, Texas and it develops, constructs, finances, owns, and operates solar photovoltaic (PV) facilities. The company has specializing in utility-scale solar and energy storage projects throughout the USA. OCI Solar Power is a wholly-owned subsidiary of OCI Company Ltd., a publically-traded company in South Korea.

On the other hand, Mitsui is a diversified and comprehensive trading, investment, and service enterprises in Japan.