Samsung C&T Consortium to bag $6bn renewable energy contract from Canada

A South Korean consortium led by Samsung C&T is set to bag a multi billion dollar contract to build

Following the $6bn deal, the consortium comprising Samsung C&T and Korea Electric Power will develop a 2,500MW wind and solar power generation complex in five stages. The project will include 1,000 wind turbines.

The companies are planning to build a 2,000MW wind power facility and a 500MW solar power facility by 2016 and to operate the facilities for a period of 20 years. However, the group initially targets completion of a 400MW wind facility and a 100MW solar power complex in Chatham-Kent and Haldimand County, Ontario, over the next couple of years.

Korea Electric Power is expected to design the transmission system of the project and will be the operator.

Reportedly, the deal is facing opposition from Ontario government ministers who feel that the South Korean company was given 'special treatment'. The Association of Power Producers of Ontario said the deal lacked transparency and openness and did not give other firms the scope to compete.