Samsung and the Government of Ontario sign historic green power development deal
Green energy development in Ontario Canada in the twenty-teenies looks like it will be spearheaded by Samsung and everyone else is now playing catch up.
Independent clean power developers across Ontario were stunned at the magnitude of the deal, and the fact that it gives Samsung preferential treatment in advance of normal processes. The estimated 500 megawatts of wind and 100 megawatts of solar allotted to Samsung were good news overall, but two aspects of the plan raised particular concerns:
A) Ontario's feed-in tariff plan only allows for 500 megawatts of photovoltaic solar energy, and a full 20% is planned for the Samsung deal. A possible solution would be to expand the allotment for PV solar energy production to 550 megawatts.
B) Asking the Ontario Power Authority to set aside 260 megawatts of transmission capacity in Haldimand County and 240 megawatts in Essex County and Chatham / Kent, to essentially guarantee access to market for Samsung's.
Tyler Hamilton Green Energy Reporter article on Samsung deal with Ontario Government
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Solar Power and Renewable Energy Stocks
Best Green Mutual Funds Blog
Geothermal Energy Investing website
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