wind and solar farm infrastructure costs will come to 7 billion CAD (just under 6.7 billion in US currency), which includes a 437 million CAD "sweetener" to get Samsung on board. Plenty of curmudgeons have emerged from the woodwork to trash the deal as costing above market prices, but this appears to be the largest venture of its kind, so we're not entirely sure "market prices" exist yet. For its part, Samsung will create 16,000 jobs in the area, 4,000 of them permanent, as it builds toward the stated goal of providing enough energy to fully power 4 percent of Ontario's population.
Ontario and Samsung seal $6.7 billion renewable energy deal
In this article: canada, energy, environment, green, green economy, green energy, GreenEconomy, GreenEnergy, ontario, renewable energy, renewable fuels, RenewableEnergy, RenewableFuels, samsung, solar energy, solar farm, SolarEnergy, SolarFarm, wind energy, wind farm, wind turbine, wind turbines, WindEnergy, WindFarm, WindTurbine, WindTurbines
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.