Samsung Deal – Ontario All Set To Become A Leader In Green Power Development---Aarkstore Enterprise Market Research Aggregation

SummaryHowever, the deal still received mixed reactions
The provincial government of Ontario, Canadafrom the renewable energy industry even though
recently signed a US$6.7 billion deal with the Souththe ambitious project is expected to make
Korean consortium of Samsung and KoreaOntario a leader in green power development.
Electrical Power Corporation (KEPC) to developScope
green energy projects in the region. The recently- The study discusses multi billion dollar deal signed
concluded deal is a reflection of the attraction ofby the Ontario Government with a South Korean
the province in renewable energy due to theconsortium of Samsung and Korea Electrical
Green Energy and Green Economy Act enactedPower Corporation (KEPC), briefing the deal
by the provincial government in 2009. The deal isrationale.
a major initiative that would enable the Ontario- It briefs Ontario’s feed-in tariff program as
government to achieve the provincial target topart of the Green Energy Act.
strengthen the province’s renewable energy- It also discusses Ontario’s solar and wind
value chain as well as provide opportunities forpower market, presenting statistics on its present
the industry stake-holders in the region. The dealand forecast installed capacity during 2008-2020.]
has showcased the government’s- The challenges and impact caused by this deal
commitment towards its green energy initiatives.are also briefed in the study.