Samsung and Ontario to Announce Solar and Wind Deal
Samsung and Ontario to Announce Solar and Wind Deal
The Premier of Ontario is set to announce a multibillion dollar deal to a consortium led by Samsung Group to build renewable energy equipment including wind turbines and solar photovoltaic panels. 
The deal, which could be worth up to C$7 billion, will be unveiled on Thursday January 27th at 10:45 am, according to the Toronto Star, the Globe and Mail and several additional news services.
We believe the deal includes four new factories and also allows Samsung to develop 600 megawatts of wind and solar farms in Ontario. The Ontario government hopes this deal will generate 15,000 new jobs and help meet its target of 50,000 new jobs created over three years through its Green Energy Act.
Solar Feed-in Tariff rates per Ontario Solar Farms, are:
|
Feed-In Tariff Prices |
||
|
Technology |
Size |
Proposed ¢/kWh |
| Solar PV |
|
|
| Rooftop or Ground Mounted |
≤ 10 kW |
80.2 |
| Rooftop |
10 – 250 kW |
71.3 |
| Rooftop |
250 – 500 kW |
63.5 |
| Rooftop |
> 500 kW |
53.9 |
| Ground Mounted |
≤ 10 MW |
44.3 |
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Filed under: solar
