Korean Consortium Begins Negotiations With Manufacturers

The Korean Consortium, which recently signed a C$7 billion agreement with the province of Ontario to build 2,500 MW worth of wind and solar projects, has begun negotiations with several wind and solar power manufacturers to expedite the development of facilities for wind towers, solar inverters, solar module assembly and wind blade manufacturing.

The new green-energy infrastructure is expected to generate more than 16,000 new jobs in manufacturing and construction, as well as in auxiliary sectors, such as architecture, professional services and transportation, according to the consortium.

‘Since the landmark agreement signed on Jan. 21, we have been advancing discussions with leading makers in all four areas, including solar module assembly and wind blades, to help fast track the establishment of North America's first green-energy manufacturing sector,’ said Sung-ha Chi, president and CEO of Samsung C&T Corp.

The Korean Consortium has signed a memorandum of understanding with wind tower maker Dongkuk S&C to establish a manufacturing facility in the province. It is also in advanced discussions with Canadian solar inverter manufacturer, Satcon Technology.

SOURCE: The Korean Consortium

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