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.

Second Transaction Between the Two Companies

The deal, announced on November 12, 2026, marks the second transaction between the two companies.

The relationship builds on a prior deal in 2024, when OCI Energy sold Project Hillsboro, a 260 MWdc solar project in Hill County, Texas, to Hyundai Engineering.

At the time of that first transaction, the companies described it as a foundation for future collaboration, a collaboration that now continues with Project Clairemont.

Closing Ceremony in San Antonio

Representatives from OCI Energy and Hyundai Engineering gathered in San Antonio on Wednesday, November 11, 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."

Minsu Park, Head of Energy Marketing Office of Hyundai Engineering Co., Ltd., said Project Clairemont is an important addition to Hyundai Engineering's growing renewable energy portfolio in the United States.

"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 U.S. market," Park said.

"We remain focused on expanding our presence through high-quality projects that support the growing demand for clean and reliable power across the United States."

Construction Timeline and Legal Counsel

Construction on the Clairemont project is expected to begin in Q3 2027, with completion anticipated in Q3 2029. Sidley Austin LLP represented OCI Energy in connection with the sale, while K&L Gates LLP represented Hyundai Engineering.

About the Companies

OCI Energy is a U.S.-based developer, owner, and operator of utility-scale solar and battery energy storage projects, with a track record of delivering some of Texas' earliest large-scale solar developments.

Since 2012, the company has advanced a growing portfolio of projects across key U.S. power markets, spanning the full lifecycle from early-stage development through asset management. The company reports a multi-gigawatt pipeline and continued expansion underway.

Hyundai Engineering Co., Ltd., established in 1974, is a global engineering and construction company with more than 50 years of experience delivering projects across the energy, industrial, building and housing, infrastructure, and environmental sectors worldwide. The company is expanding its renewable energy portfolio through investments in high-quality solar and other energy infrastructure projects.

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