A $6.7 billion energy deal between the Samsung Corp. and Ontario will “instantly” make Ontario a leader in the production of wind turbines, solar inverters and solar modules, Ontario Premier Dalton McGuinty told the Ottawa Citizen.
The deal, announced Thursday, involves the construction of four wind and solar power clusters with a combined generating capacity of 2.5 gigawatts by 2016, as well as four new manufacturing facilities to produce renewable energy components.
The Windsor area, just across the border from Detroit, was named as one of the first places that will see development as part of the deal.
Ontario’s Green Energy Act requires the province to phase out all of it’s coal fired power plants by 2014.
Michigan’s renewable energy goal is much less ambitious — just 10 percent by 2015, and the state recently issued a permit for construction of a new 830 megawatt coal fired power plant for Consumers Energy’s Karn/Weadock generating complex near Bay City.
Canada wants to develop the capacity to supply the U.S. market for renewable energy technology.
Premier McGuinty told Reuters
We’re doing more than buying a huge amount of electricity, we are doing more than just creating jobs… we are trying to lay the foundation here for economic growth,” he said. “If we can build the capacity here to deliver renewable technology to the U.S. market, that’s a good thing.”