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

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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.

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Article Details

Category: Economy

Markets: South KoreaChinaIsraelMalaysia

Topics: Mission Power Capacity Cell Plant Holdings Energy Subsidiary Solar Texas Build

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 16:07:57 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Korea Economic Daily

News ID: 27187727

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