In The News

As reported by the National Post the province of Ontario recently signed a multibillion-dollar energy deal with a South Korean consortium. The group of businesses the province is now with aligned includes Samsung and the Korea Electric Power Corp. The partnership, which will involve the manufacturing of green technology products and energy producing sites, is expected to be an enormous boost to green energy sector in the province.

"The group..will set up production facilities to manufacture wind turbines and other renewable energy equipment, and it will also develop large swaths of wind and solar farms.The consortium's investment in the project - which promoters say is the largest of its kind in the world - is estimated at between $5-billion and $7-billion."

"By executing this project, the Ontario government will be one step closer to taking the lead in the North American green energy industry by securing the industrial infrastructure for low-carbon growth, creating new jobs and establishing a renewable energy cluster," Brad Duguid, Ontario Minister of Energy and Infrastructure, said Thursday."

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original source National Post