More wind power part of Ontario’s green energy plan.
Photo: PLANT Stock
TORONTO: The Korean Consortium that intends to build green power generating facilities in Ontario has begun negotiations with several established wind and solar power companies to expedite development of four plants that will manufacture wind towers, solar inverters, solar module assemblies and wind blades.
Samsung and state-owned Korean Power Electric Corp., which signed a $7-billion green energy investment agreement with the Ontario government on Jan. 21, plans to build wind and solar farm installations across Ontario. Samsung will be paid more than the 13.5 cents per kilowatt-hour feed-in rate established by the province for the power that is generated.
The Ontario government’s green energy infrastructure initiative is expected to generate more than 16,000 temporary jobs in manufacturing and construction, and eventually 1,440 permanent jobs.
“Since the landmark agreement, we have been advancing discussions with leading makers in all four areas to help fast track the establishment of North America’s first green-energy manufacturing sector,” said Sung-ha Chi, Samsung C&T Corp. president and CEO.
So far the Korean Consortium has signed a memorandum of understanding with wind tower maker Dongkuk S&C to build a manufacturing facility. It is also in advanced discussions with Canadian solar inverter manufacturer, Satcon Technology.