Texas Utility Taps Korean Co. For Largest Solar Farm

Law360, New York (January 11, 2012, 7:13 PM EST) -- Texas utility giant CPS Energy has tapped a South Korean developer to build what would be the world's largest solar installation — a 400-megawatt project expected to top $1 billion — to help meet its 2020 renewable energy goals, the company said Wednesday.

CPS, which is owned by the city of San Antonio, will pay undisclosed rates to OCI Solar Power, a subsidiary of South Korean chemical producer OCI Co. Ltd., over the 25-year life of the power purchase agreement, according to CPS.

OCI did not...
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