Samsung C&T Embarks on a New Growth Business

Business Korea

Samsung C&T successfully completed the 270 Mega Watt portion of the first phase of its solar and wind power cluster farm project in Ontario, Canada. Global renewable energy markets, after years of stagnancy, are turning the corner just in time.

According to the related industry on April 16, the company got the green light from Canada’s Ontario Province government in relation with completing the initial part of the first phase, and further approvals are anticipated to come in stages.

The Ontario project is a global scale solar and wind power farm, reaching the total capacity of 1,369MW and costing 5 billion Canadian dollars (US$4.5 billion).