OCI Solar Receives $40 Million Loan For Texas Solar Park

Posted by SI Staff on June 05, 2014 No Comments
Categories : Projects & Contracts

OCI Solar Power LLC has signed a $40 million loan agreement with the North American Development Bank for the construction of the 39.6 MW Alamo 4 solar park in Brackettville, Texas. The power generated by the project will be purchased by CPS Energy of San Antonio.

Alamo 4 will feature polycrystalline PV modules mounted on a dual-axis tracking system, and is being constructed on two contiguous parcels of land totaling 633 acres. The solar park will be interconnected through an existing transmission line to the Brackettville substation located adjacent to the northwest corner of the site.

OCI Solar is engineering and building the project and will operate it when complete. Construction has already begun, and the solar park is expected to go online in October.

Last year, the company completed its 41 MW Alamo 1 project and began construction on the 4.4 MW Alamo 2 facility. Both are located in San Antonio.

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