Mission Solar & OCI to build 2 GW solar cell unit in Texas

Mission Solar Energy partnered with OCI Holdings and OCI TerraSus on a $265 million solar cell project in Texas, aiming for 2 GW using non-China materials by 2026.

By Prudhvi Rani 21 Mar 2025 in Market Bytes America Bytes

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Mission Solar Energy secured permits and reused factory assets to shorten construction time and reduce project development costs. Image Source: AI Generated

Seoul-based OCI Holdings planned to invest $265 million to build a solar cell production facility at its US subsidiary, Mission Solar Energy. Production was expected to start with 1 GW in early 2026 and grow to over 2 GW by the end of the year. The plant would use polysilicon from OCI TerraSus in Malaysia, avoiding China-linked supply chains and meeting US trade rules. The project would use existing factory space and pre-approved permits to save time and costs. It would also qualify for US tax credits under the Inflation Reduction Act. The new facility aimed to help meet a major shortage in US solar cell supply. The decision came as changes in US trade policies made the company choose to set up its own subsidiary.

#Texas #OCIHoldings #MissionSolarEnergy #OCITerraSus

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