Samsung Renewable Energy Inc. has selected London, Ont. for a new solar module manufacturing plant as part of its $7 billion investment deal with the Ontario government.
LONDON, Ont.: Samsung Renewable Energy Inc. has selected London, Ont. for a new solar module manufacturing plant as part of its $7 billion investment deal with the Ontario government.
The Korea-based company said the facility will produce “state-of-the-art” solar modules for use in Ontario and for export around the world, but it did not announce the amount of investment involved.
Samsung expects the plant will create 200 long-term manufacturing positions and 120 indirect jobs.
The company and its partners have also announced plants for Windsor (wind towers), Tillsonburg (blades) and Toronto (inverters).
The terms of Green Energy Investment Act (GEIA) agreement with the Ontario government requires a $7 billion investment from Samsung and its partners to create 16,000 jobs and generate 2,500 megawatts of clean energy.
The Ontario government had allotted Samsung a $437-million incentive on top of the going rates for wind and solar power over 20 years, but in early August it was revealed the incentive had been renegotiated down to $110 million.
The Liberals claim the Samsung deal will create about 16,000 green energy jobs in Ontario, although so far only 600 full-time positions have been created.
With the Ontario election officially under way, premier Dalton McGuinty piggybacked the Samsung announcement claiming overall 20,000 new clean-energy jobs have been created and the province is on track to create 50,000 by the end of next year.
The Progressive Conservatives under Tim Hudak are promising to scrap the main elements of the Green Energy Act by killing the feed-in-tariff system and $7-billion Samsung deal, instead focusing on natural gas, hydroelectric and nuclear energy.
Samsung vice-president Cheol Woo Lee ducked questions at a press conference in London about the Tories’ threat, saying his company came here to do business and doesn’t want to get involved in politics or the election campaign.
Files from The Canadian Press