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Canada signs $6.7 billion clean energy deal with Korean consortium

  • 12 years ago (2010-01-22)
  • David Flin
North America 900 Renewables 692

The Canadian provincial government of has signed a $6.7 billion deal with a Korean consortium lead by Samsung C&T Corporation and Korea Electric Power Corporation to generate 2500MW of clean energy using wind and solar power.

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is ’s leading province in wind and solar power generation. This new deal will triple ’s output from renewable sources. Dalton McGuinty, ’s Premier, said: “Thanks to this announcement, we will be delivering more green energy for Ontarians to use, and more green energy products for to buy. With this step, is becoming the place to be for green energy manufacturing in .”

Under the deal, the consortium will construct 2000MW of wind power and 500MW of solar power facilities by 2016, and operate it for 20 years. The investment is expected to generate over 16,000 new jobs to build, install and operate the renewable energy projects. The consortium will also work with major partners to build four manufacturing plants for wind and solar technological products for use in and export t elsewhere in . The statement further said that the consortium intends to use steel manufactured in for its renewable energy projects.