Photo: John Davenport /San Antonio Express-News
These solar panels are part of OCI Energy’s Alamo 6 field. The company announced Monday that it had sold its under construction Project Ivory, a 50 megawatt AC solar project in West Texas.
A West Texas solar farm being built by a San Antonio-based company has been sold.
The project, the 50-megawatt AC Project Ivory, is being constructed by San Antonio’s OCI Energy and was bought by New York-based investment firm D.E. Shaw Renewable Investments.
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The price was not disclosed.
Project Ivory is being built in West Texas’ Dawson County. Construction started in March and is expected to be completed next month, according to a news release.
San Antonio’s city-owned electric and gas utility CPS Energy has a power purchase agreement to buy the electricity generated by Project Ivory.
All told, OCI Energy has developed more than 500 megawatts of solar projects that CPS Energy buys power from.
