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Samsung Deal: Ontario All Set to Become a Leader in Green Po

The Ontario Government signed a multi billion dollar deal with a South Korean consortium of Samsung and Korea Electrical Power Corporation (KEPC) to develop green energy in the region.

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Samsung Deal: Ontario All Set to Become a Leader in Green Po

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  1. Samsung Deal: Ontario All Set to Become a Leader in Green Power Development

  2. The Ontario Government signed a multi billion dollar deal with a South Korean consortium of Samsung and Korea Electrical Power Corporation (KEPC) to develop green energy in the region. The consortium’s investment of an estimated US$6.7 billion into the green energy projects will result in an addition of 2,500 MW of new installed capacity for wind and solar power. The total investment towards this project is spread over a period of 20 years. As part of the agreement, Samsung and KEPC will develop and operate new wind farms worth 2,000 MW and 500 MW capacity of solar power. In addition to this, the companies will build a manufacturing supply chain and will produce equipment for solar and wind power industry within the province. The project is to be implemented in five phases – phase I of the project is all set to begin in 2012 with the construction of a 500 MW renewable energy cluster in southern Ontario. Phase I of the project includes 400MW of wind energy and 100MW of solar power. The renewable power output from the phase I of the project will replace power generated by a coal plant in the region, which is due to be decommissioned by 2014. This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below: http://www.researchviews.com/energy/power/power-generation-equipment/Viewpoints.aspx?sector=Power%20Generation%20Equipment&DocID=9955 Access the latest Power analysis for free at http://www.researchviews.com

  3. About ResearchViews.com ResearchViews is your number one portal for industry related news, research, analysis and deals data. ResearchViews offers up to the minute content produced by an expert team of industry analysts. All content on the site is free to view and allows users to keep up to date with the latest developments in their chosen industry. Free daily and weekly newsletters provide a snapshot of the major issues affecting the industry. The site also features a research store, providing the user with access to premium business intelligence from some of the world's leading market research publishers. Contact Information: Rajesh Gunnam rgunnam@globaldata.com +914066166782

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