Landmark solar power deal signed
New agreement will provide power to 70,000 homes
A landmark deal was signed Monday that will forever change the face of solar power in San Antonio.
Representatives from CPS Energy, OCI Solar Power, and Nexolon America were on hand to announce the deal, which would bring some 800 jobs to San Antonio, a $100 million dollar manufacturing plant on the South Side, and will have an estimated $700 million annual economic impact.
"I want to say to the residents of san Antonio, that in our community, we have a very clear goal: To become a leader in the new energy economy," Mayor Julian Castro said of the new deal.
The deal will power an estimated 70,000 households in the city and is said to also catapult Texas into the top five solar-producing states in the nation.
"This places San Antonio at the forefront of clean energy development in the United States," said CPS Energy President and CEO Doyle Beneby. "This has incredible opportunities besides providing clean, affordable power."
CPS Energy officials said 50 megawatts will be online by next year, with the remainder to be built in phases through 2016.
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