Samsung’s $6.6bn project to generate electricity using alternative means will help Ontario go green

Samsung is playing its role in the race to save our disintegrating environment. This time, the company along with Korea Electric Power Corporation will help manage the development of wind farms that will produce 2,000MW of energy and solar panels that will generate 500MW. The project is now in its newborn stage with the construction of a 500MW cluster of energy generating sources (400MW of wind power and 100MW of solar power) in southern Ontario that will kick off in 2012. Samsung has also adopted an open tendering process and will build four manufacturing plants in the Ontario area that will also increase employment. These plants will produce wind turbine towers, wind blades, solar inverters and other equipment required to help produce greener forms of energy. Samsung is a youngster in the field of green energy and this project that the company has taken up will help boost its confidence in alternative forms of energy and achieve its goal of being a major manufacturer of wind turbines. This will also be the world’s largest project of this kind costing a whopping $6.6 billion.
[BusinessGreen]