Samsung's $3 Billion Solar & Wind Deal with Ontario
Ontario’s Green Energy Act has been the catalyst driving the Canadian province into the position of number two in installed solar capacity in North America, trailing only California. In keeping up its renewable energy endeavors, Ontario has offered South Korea’s Samsung C&T Corp. a CA$3 billion contract to develop solar and wind farms throughout the province.
The terms of the deal stipulate that Samsung will build 520-megawatt projects in the Haldimand and Chatham-Kent and 550-megawatt projects in Kingston and Bruce regions of Ontario. The contract represents the initial two steps in what will be a five-step plan spanning two decades to construct and operate 2,000 MW of wind capacity and 500 MW of solar capacity in the province.
SEE OTHER TOP STORIES IN THE WDM CONTENT NETWORK
Construction is scheduled to begin in 2012 and the first two phases completed by 2014. Samsung C&T will work in conjunction with Korea Electric Power Corp. to design the plants’ electrical wiring and operate them upon completion.
Under Ontario’s Green Energy Act, Samsung pledged to invest CA$7 billion into the province in 2010. The pledge was made in exchange for CA$110 million in subsidies over a 25-year period.
Toyota unveils electric van and Volvo opens fuel cell lab
Toyota is launching its first zero emission battery electric vehicle, the Proace Electric medium-duty panel van, across Europe.
The model, which offers a choice of 50 or 75kWh lithium-ion batteries with range of up to 205 miles, is being rolled out in the UK, Denmark, Finland, France, Germany, Italy, Spain and Sweden.
At present, alternative fuel vehicles (AFVs, including battery electric vehicles) account for only a fraction – around 1.8 per cent – of new light commercial van sales in the UK, but a number of factors are accelerating demand for practical alternatives to vans with conventional internal combustion engines.
Low and zero emission zones are coming into force to reduce local pollution and improve air quality in urban centres, at the same time as rapid growth in ecommerce is generating more day-to-day delivery traffic.
Meanwhile the opening of Volvo's first dedicated fuel cell test lab in Volvo Group, marks a significant milestone in the manufacturer’s ambition to be fossil-free by 2040.
Fuel cells work by combining hydrogen with oxygen, with the resulting chemical reaction producing electricity. The process is completely emission-free, with water vapour being the only by-product.
Toni Hagelberg, Head of Sustainable Power at Volvo CE, says fuel cell technology is a key enabler of sustainable solutions for heavier construction machines, and this investment provides another vital tool in its work to reach targets.
"The lab will also serve Volvo Group globally, as it’s the first to offer this kind of advanced testing," he said.
The Fuel Cell Test Lab is a demonstration of the same dedication to hydrogen fuel cell technology, as the recent launch of cell centric, a joint venture by Volvo Group and Daimler Truck to accelerate the development, production and commercialization of fuel cell solutions within long-haul trucking and beyond. Both form a key part of the Group’s overall ambition to be 100% fossil free by 2040.