OCI to build $265 mn solar cell plant in Texas, expects $80 mn tax credit

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OCI to build $265 mn solar cell plant in Texas, expects $80 mn tax credit - Korea Economic Daily

Quick Summary:

Last December, OCI Holdings said it signed a deal with US power supplier CPS Energy to jointly build a 120-megawatt solar cell plant and related battery energy storage system (BESS) with 480 MWh storage capacity in Texas.

Last month, OCI Energy Co., a US subsidiary of OCI Holdings, agreed with Israel’s Arava Power to jointly build a large-scale solar cell power plant in Texas under the SunRoper Project.

South Korean solar cell company OCI Holdings Co.said on Thursday it will build a solar cell manufacturing plant in Texas through its US subsidiary Mission Solar Energy LLC.