HOUSTON Jan 11 (Reuters) - CPS Energy of San Antonio, the largest power and gas municipal utility in the nation, is negotiating with OCI Solar Power to develop 400 megawatts of solar power over the next five years as part of a larger economic development effort, officials said on Wednesday.
OCI Solar said it will relocate its headquarters from Atlanta to San Antonio, establish an engineering and operations center and work to bring solar manufacturing facilities to the area as it develops solar farms totaling 400 MW, enough to serve about 24,000 typical Texas homes.
OCI solar is majority-owned by OCI Enterprises Inc, the North American subsidiary of Korean-based OCI Company Limited.