OCI Solar Power announces collaboration with Mitsui USA for solar energy projects in Texas

OCI Solar Power, headquartered in San Antonio, signed an agreement with Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA") yesterday memorializing their intent to collaborate on utility-scale solar energy projects in Texas. Under the agreement, OCI Solar Power will develop the projects and offer them to Mitsui & Co., Ltd. ("Mitsui Tokyo") for investment.

"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," said Charles Kim, President & CEO, OCI Solar Power.

Signing the agreement on behalf of the companies were:

• Eiji Yanagawa, President & CEO, Mitsui & Co. Energy Marketing and Services (USA), Inc.
• Yosuke Matsumoto, SVP & DOO, Mitsui USA
• WooHyun Lee, Vice Chairman, OCI Company Ltd. (South Korea)
• Charles Kim, President & CEO, OCI Solar Power

Earlier this month, OCI Solar Power announced it has originated more than 3 gigawatts of solar projects in operation, under construction, and in development across Texas. It also has operating solar projects in Georgia and New Jersey.