OCI Energy has announced the sale of Project Clairemont, a 327 MWdc solar project currently under development in Kent County, Texas, to Hyundai Engineering Co., Ltd. The deal marks the second transaction between the two companies.

In 2024, OCI Energy sold Project Hillsboro, a 260 MWdc solar project in Hill County, Texas, to Hyundai Engineering. At the time, the companies described their first transaction together as a foundation for future collaboration, which continues with Project Clairemont.

Representatives from OCI Energy and Hyundai Engineering gathered in San Antonio on 11 November 2026 for a ceremony commemorating the closing of the Clairemont transaction.

“We’re proud of the work our team has done to bring this project forward and to see it move into its next phase,” said Sabah Bayatli, President of OCI Energy. “Relationships like the one we’ve built with Hyundai are important as we continue developing projects that deliver reliable, large scale energy solutions and meet the growing demand for power.”

“The Project Clairemont is an important addition to Hyundai Engineering's growing renewable energy portfolio in the US,” added Minsu Park, Head of Energy Marketing Office of Hyundai Engineering Co., Ltd. “Building on the Project Hillsboro acquired in 2024, this transaction highlights the trust developed through our collaboration with OCI Energy while further advancing our long-term growth strategy in the US market. We remain focused on expanding our presence through high-quality projects that support the growing demand for clean and reliable power across the US.”

Construction is expected to begin in 3Q27, with completion anticipated in 3Q29.

Sidley Austin LLP represented OCI Energy in connection with the sale, and K&L Gates LLP represented Hyundai Engineering.

 

 

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