Korean Companies Anchor Ontario's Green Economy

CAD$7-Billion (£4.12 Billion) Investment Means Green Energy and 16,000 New Jobs For Ontario, Canada

Core Facts

A consortium led by Samsung C&T Corporation and the Korea Electric Power Corporation (KEPCO) will invest CAD$7 billion (£4.12 Billion) to generate 2,500 megawatts of wind and solar power. These projects will triple Ontario's output from renewable wind and solar sources and provide clean electricity to more than 580,000 households. The investment will also lead to more than 16,000 new green energy jobs to build, install and operate the renewable generation projects.

Quotes

"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,"

Dalton McGuinty, Premier of Ontario.

"We commend Ontario for creating a welcoming climate for green energy investment. Samsung takes pride in its global efforts to support a more sustainable future and looks forward to working with Ontario residents and businesses to create clean, green power,"

Sung-Ha Chi, President and CEO, Samsung C&T Corporation

"We commend Ontario for creating a welcoming climate for green energy investment. Samsung takes pride in its global efforts to support a more sustainable future and looks forward to working with Ontario residents and businesses to create clean, green power,"

Chan-Ki Jung, Executive Vice-President, Korea Electric Power Corporation.