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.
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Scottish North Sea wind farm to resume construction after Covid-19 stoppage
GLASGOW - Neart Na Gaoithe (NnG) Offshore Wind Farm, owned by EDF Renewables and Irish firm ESB, stopped construction in March.
Project boss Matthias Haag announced last night the 54-turbine wind farm would restart construction this week.
Located off Scotland’s east coast, it was awarded a Contract for Difference (CfD) in 2015 and will look to generate enough energy to power 375,000 homes.
It is expected to create around 500 jobs while also delivering £540 million to the local economy.
Mr Haag, NnG project director, said the wind farm build would resume with a small, staggered workforce return in line social distancing rules.
He added:…
