Green energy complex to cost $7 billion
SAEMANGEUM, SOUTH KOREA - South Korea's Samsung Group said that it would invest 7.6 trillion won US $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.
Related News
![](https://electricityforum.com/uploads/news-items/china-data-centers_1568451851.webp)
China's Data Centers Alone Will Soon Use More Electricity Than All Of Australia
BEIJING - A hidden environmental price makes storing data in the cloud a costly convenience.
Between 3 to 5% of all electricity used globally comes from data centers that house massive computer systems, an amount comparable to the airline industry, says Ben Brock Johnson, Here & Now’s tech analyst.
Instead of stashing information locally on our own personal devices, the cloud allows users to free up storage space by sending photos and files to data centers via the internet.
The cloud can also use large data sets to solve problems and host innovative technologies that make cities and homes smarter,…