Texas Utility Signs Deal For $1B Solar Project

Law360, Los Angeles (July 23, 2012, 7:13 PM EDT) -- Texas utility CPS Energy has signed a deal with South Korean developers to build what will become the largest municipal solar installation in the U.S., a 400-megawatt project in San Antonio expected to top $1 billion, the company said Monday.

CPS, which is owned by the city, inked a 25-year power purchase and economic development agreement with OCI Solar Power, a subsidiary of South Korean chemical producer OCI Co. Ltd. When completed, the project will provide enough electricity to power 70,000 local households and make Texas...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.