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OCI Energy has agreed to sell Project Clairemont, a 327 MWdc solar development in Kent County, Texas, to Hyundai Engineering Co., Ltd., according to a press release from OCI Energy. The transaction is the second between the two companies and follows OCI Energy’s 2024 sale of the 260 MWdc Project Hillsboro in Hill County, Texas, to Hyundai Engineering.
Representatives of both companies met in San Antonio on Wednesday, November 11, for a ceremony marking the closing of the Clairemont deal. Sabah Bayatli, President of OCI Energy, said the company was proud of its team’s work in advancing the project and noted that its relationship with Hyundai supports its efforts to develop large-scale energy solutions that meet growing power demand.
Minsu Park, Head of Energy Marketing Office at Hyundai Engineering, described Project Clairemont as a significant addition to the company’s renewable energy portfolio in the United States. He said the transaction builds on the trust established through the Hillsboro acquisition and supports Hyundai Engineering’s long-term growth strategy in the U.S. market, where it aims to expand through high-quality projects serving demand for clean and reliable power.
Construction on Project Clairemont is expected to begin in the third quarter of 2027, with completion anticipated in the third quarter of 2029. Sidley Austin LLP represented OCI Energy in the sale, while K&L Gates LLP represented Hyundai Engineering.
OCI Energy is a U.S.-based developer, owner and operator of utility-scale solar and battery energy storage projects. Since 2012, it has advanced a portfolio of projects across key U.S. power markets, covering development through asset management, and reports a multi-gigawatt pipeline.
Hyundai Engineering, established in 1974, is a global engineering and construction company with more than 50 years of experience across the energy, industrial, building and housing, infrastructure, and environmental sectors. The company is expanding its renewable energy portfolio through investments in solar and other energy infrastructure projects.
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