星期五, 22 11 月, 2024
Home PV News Samsung Group to spend $7 bln to build green energy complex

Samsung Group to spend $7 bln to build green energy complex

South Korea's Samsung Group said on Wednesday that it would invest 7.6 trillion won ($7.01 billion) from 2021 to build a green energy industrial park in the country producing wind power generators, solar batteries and energy storage systems.


The complex will be built in the west coast area of Saemangeum, where South Korea is operating a reclamation project, Samsung Group said in a statement.


South Korea's No.1 business conglomerate with nearly 70 affiliates is expanding into new businesses such as solar cells in search for future growth engines.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

China CORNEX signed cooperation agreement with the Italian Cestari Group

On November 13, CORNEX signed a strategic cooperation agreement with the Italian company Cestari Group in Wuhan, Hubei Province, China. According to the agreement,...

Solar Leader Enphase Energy Cutting 500 Jobs

California-based Enphase Energy, a company known for its solar power and electric vehicle (EV) charging technology, announced it is laying off about 500 workers....

Cincinnati’s solar array powers city operations, tens of thousands of homes

A sprawling solar array in Highland County now powers 20% of Cincinnati's operations and tens of thousands of homes. Cincinnati’s 900-acre solar farm was completed...

1.2-GW solar panel assembly facility to open in Puerto Rico

A contract solar panel assembly facility will soon open in Aguadilla, Puerto Rico, that will supply the utility-scale market on the island and hopefully...