CPS Energy may have met its match. Long in the hunt for a strong solar-energy partner capable of delivering up to 400 megawatts of pollution-free solar power, the City-owned utility announced today at an outdoor downtown press conference that it has entered negotiations with South Korea-based OCI Solar for those megawatts.
With the proposed 25-year power purchase agreement still being finalized, OCI would relocate their North American headquarters from Atlanta to the Alamo City, open a manufacturing plant for solar components, creating an estimated 800 jobs with salaries in the $47,000 range and contributing an estimated $700 million in annual economic benefit to the city, according to numbers provided by CPS.
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