The World's #1 Renewable Energy Network for News, Information, and Companies.

Samsung, Ontario Sign $3 Billion Wind, Solar Deal

South Korea-based Samsung C&T Corp. has signed a $3 billion (Canadian) contract to build wind and solar energy plants in Ontario.

News reports said that under the terms of the contract, Samsung C&T will build 520-megawatt projects in the Haldimand and Chatham-Kent regions and 550-MW projects in Kingston and Bruce. Korea Electric Power Corp. will design the plants’ electrical wiring and operate the plants.

Samsung C&T said the contract represents the first two steps of a five-step plan over two decades to build and operate 2,000 MW of wind capacity and 500 MW of solar power capacity in the province.

Construction is expected to begin in 2012 and be completed by 2014.

In 2010, Samsung committed to invest $7 billion ($7.07 billion American) under Ontario’s Green Energy Act. That investment pledge came in exchange for $110 million ($111.17 million)  in subsidies over the next 25 years.

This article was reprinted with permission from Power Engineering as part of the PennWell Corporation Renewable Energy World Network and may not be reproduced without express written permission from the publisher.

RELATED ARTICLES

Renewable energy jobs

Global Renewable Energy Employment Surges 18 Percent to 7.7 Million

Andrew Burger, Correspondent Ongoing growth in renewable energy investment and deployment is creating jobs worldwide — and lots of them. This job growth is helping governments address a fundamental economic problem plaguing developed and developing cou...
Beach sand

Italian Company Uses Sun-Heated Sand to Produce Energy

Flavia Rotondi and Alessandra Migliaccio, Bloomberg

Italy’s well-known sun and sand form the basis of many beach holidays. An Italian company has also found another purpose for the combination: energy production.

Panasonic Japan solar module manufacturing

Panasonic Ramps Up Japanese Solar Manufacturing to Meet Domestic Rooftop Demand

Junko Movellan, Correspondent Panasonic Corp, a Japanese electronics company, announced that it will expand its domestic solar cell and module production to meet the rooftop solar demand in Japan. The company will invest a total of 9.5 billion yen (US$7...

Renewable Energy Is Beginning To Power Africa

Andrew Burger, Contributor According to the International Energy Agency, sub-Saharan Africa will require more than $300 billion in investment to achieve universal electricity access by 2030. Committing more than $7 billion in U.S. government support ...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

CA Wine Industry's 2015 Solar Update- WEBINAR

Proceeds from event registration will go to the CA Sustainable Win...

COMPANY BLOGS

The Outlook for Midwest Solar

Our whirlwind solar conference tour continues! Yesterday we touched down...

Well, Hello There Southeast — We Are Excited To Be Here

We’ve traveled 651 miles into the heart of the Deep South to atten...

3 Trends We’re Watching After The First Quarter Of 2015

The U.S. solar industry closed its first quarter on March 31. So where d...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS