Korea’s OCI, Israel’s Arava Power to jointly build solar cell plant in Texas

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Through the partnership, OCI Energy expects to gain insights into Arava’s expertise while contributing its know-how in regulatory compliance, financial structuring and power plant operations.“OCI Energy is the leading solar development firm in Texas, with a 15% market share in the state’s solar power sector,” said OCI Holdings Chairman and CEO Lee Woo-hyun.“This year, we plan to expand beyond Texas into other regions, further diversifying our revenue streams.”Since entering the US solar market in 2011, OCI Energy has completed over 10 solar and energy storage system (ESS) projects.

OCI Energy said on Monday it has signed a joint venture agreement with Arava Power to push the SunRoper Project, a large-scale solar power plant in Texas.

OCI Energy Co., a US subsidiary of South Korea’s OCI Holdings Co., and Israel’s Arava Power will jointly build a solar cell power plant in Texas.

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Article Details

Category: Economy

Markets: South KoreaIsrael

Topics: Cell Investment Energy Solar Arava Texas Holdings Projects Plant Power Joint

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 14:46:38 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

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