Samsung signs $7 billion deal to build World’s Largest Wind, Solar Power Cluster in Ontario

Samsung is pouring all it’s efforts to create green technology initiatives. At CES 2010 we saw the launch of several Green tech products and now they have signed a $7 billion deal with the Ontario government to help with their Green tech initiative. Samsung and the Ontario government signed the deal on Thursday last week. According to this new deal Samsung C & T will build and operate a series of wind and solar powered clusters over the next 20 years.

In the picture on the left, Ontario’s first minister Dalton McGuinty is addressing the audience at the technology consortium held on Thursday, January 21st 2010. At this consortium Samsung and the McGuinty government unveiled their plans for Ontario’s future. Details of the deal reveal that by 2014 all coal-fired power plants in Ontario will be shut down. These plants would be replaced with the energy clusters created by Samsung.

Samsung in a Press release states that, “According to the terms of the green energy investment agreement, Samsung C&T and KEPCO will establish and operate a series of wind and solar power clusters over the next 20 years. The clusters, which will be built in several locations throughout the province, will eventually include wind turbines that will generate up to 2,000MW as well as solar power facilities that will generate up to 500MW. The entire project will have a combined power-generating capacity of 2.5GW by 2016, producing energy equivalent to four per cent of Ontario`s total electricity consumption.”

This initiative actually shows the importance of moving towards a green economy and we feel that it is an important and strategic move by the Ontario government. This move will not only secure the future of Ontario’s people but will also minimize their energy consumption. We hope that other nations learn from this and move towards making a greener impact too.

images from  the website for Office of the Premier, Dalton McGuinty Ontario

Written for and published on the Amvona Blog

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