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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How the dirtiest power station in western Europe switched to renewable energy
LONDON - A power station that used to be the biggest polluter in western Europe has made a near-complete switch to renewable energy.
The Drax Power Station in Yorkshire, England, used to spew out millions of tons of carbon dioxide a year by burning coal. But over the past eight years, it has overhauled its operations by converting four of its six coal-fired units to biomass. The plant's owners say it now generates 15% of the country's renewable power.
The change means that just 6% of the utility's power now comes from coal. The ultimate goal is to stop using coal altogether.
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