OCI Solar Power announced that it has signed an agreement with Mitsui USA, a wholly owned subsidiary of Japan's trading, investment, and service enterprises, Mitsui Tokyo.
With this partnership, both the companies plan to collaborate on utility-scale solar energy projects in Texas. The role of OCI Solar would be develop projects and offer them to Mitsui & Co., Ltd. for investment.
Speaking about this development, President & CEO, OCI Solar Power, Charles Kim said, "With its parent company in Japan, Mitsui Tokyo is one of the largest general trading companies in the world that actively seeks to balance its energy resource portfolio. We are extremely excited to team up with this global leader to bring more solar power to the Lone Star State. When big companies go green and invest in cleaner, safer, more sustainable energy, everyone wins."
A subsidiary of Korean chemicals company OCI, OCI Solar Power has initiated over 3 GW of solar projects in operation, under construction, and in development across Texas, earlier this month. Besides this, the company has operating solar projects in Georgia and New Jersey.