Marathon Capital to announce the sale of OCI Solar Power LLC's 66 MW in-construction solar photovoltaic project to D. E. Shaw Renewable Investments.
"We are especially proud of developing and constructing Project Ivory for the city and CPS Energy. Thousands of families will soon receive even more affordable power," said Charles Kim, President and CEO of OCI Solar Power. "San Antonio now has the most solar generation capacity in Texas, and working with Marathon Capital to secure the sale of Ivory to DESRI helps to ensure that the project will continue to benefit our community."
"It was a pleasure to work with OCI Solar Power on the sale of Project Ivory. OCI Solar Power and its sister company, Mission Solar Energy, a San Antonio-based solar panel manufacturer, have a long-term commitment to the City of San Antonio and partnership with CPS Energy. Working with them and utilizing local contractors to construct world-class solar projects enabled OCI Solar Power to build Project Ivory and make it attractive to many parties. Project Ivory will provide numerous economic and environmental benefits for many decades," said David Kirkpatrick, Director at Marathon Capital.