Green energy complex to cost $7 billion
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.
Related News
U.S. offshore wind power about to soar
WASHINGTON - Recent offshore lease sales demonstrate that not only has offshore wind arrived in the U.S., but it is clearly set to soar. The level of participation today, especially from seasoned offshore oil and gas developers, exemplifies that the offshore industry is an advocate for the 'all of the above' energy portfolio.
Offshore wind could generate 160,000 direct, indirect and induced jobs, with 40,000 new U.S. jobs with the first 8 gigawatts of production.
In fact, a recent report from the Special Initiative on Offshore Wind (SIOW), said that offshore wind investment in U.S. waters will require $70 billion by 2030…
