The Ontario government has signed an agreement with a consortium led by Samsung C&T Corporation and the Korea Electric Power Corporation (KEPCO) to generate 2,500 megawatts of wind and solar power in the province. According to the government, the $7 billion investment will lead to more than 16,000 new green energy jobs to build, install and operate the renewable generation projects and triple Ontario’s output from renewable wind and solar sources and provide clean electricity to more than 580,000 households.
A government media release identifies how the investment will benefit Ontario:
“The Korean consortium will also work with major partners to attract four manufacturing plants. This will lead to the creation of 1,440 manufacturing and related jobs building wind and solar technology for use in Ontario and export across North America.
The consortium fully intends to use Ontario-made steel in its renewable energy projects, such as constructing its wind turbine towers.
This is the single-largest investment in renewable energy in provincial history. The consortium chose Ontario because our Green Energy Act guarantees stable rates for renewable energy.”
Premier Dalton McGuinty states, “Thanks to today’s announcement, we will be delivering more green energy for Ontarians to use — and more green energy products for North America to buy. With this step, Ontario is becoming the place to be for green energy manufacturing in North America.”
Photo by JoshMcConnell
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