OCI Holdings breaks ground on Texas solar project amid AI power boom
OCI Holdings' U.S. subsidiary OCI Energy broke ground Tuesday (local time) on the 260-megawatt SunRoper solar project in Wharton County, Texas, as rising electricity demand from artificial intelligence (AI) data centers drives growth in renewable power, the Korean company said Thursday. The project, a 50-50 joint venture with Israeli renewable energy developer Arava Power, spans 1,714 acres and…
OCI Holdings, a Korean company, broke ground on a 260-megawatt solar project in Texas on Tuesday. The project, a joint venture with Israeli renewable energy developer Arava Power, is expected to begin commercial operations in 2027. The 1,714-acre project will generate enough electricity to power approximately 60,000 households.
The companies secured project financing through a long-term power purchase agreement signed in February with a Fortune 100 company, though the buyer's identity was not disclosed. OCI Holdings Chairman Lee Woo-hyun, OCI Energy President Sabah Bayatli, and Arava Power CEO Ilan Zidkony attended the groundbreaking ceremony.
OCI Energy, OCI Holdings' U.S. subsidiary, has a track record of developing utility-scale solar projects in Texas since 2012. Over the past two years, the company's business has accelerated due to increased demand from artificial intelligence (AI) data centers. OCI Energy has developed and sold about 2 gigawatts of capacity in the U.S. market.
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- OCI Holdings breaks ground on Texas solar project amid AI power boom koreatimes.co.kr
