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Canada

Canada

Samsung finances 150MW Ontario project

CANADA: Samsung and Pattern Energy have completed the financing for the 150MW Grand Renewable wind project in Ontario.

Siemens 2.3MW turbines will be used on the site
Siemens 2.3MW turbines will be used on the site

The project will feature 67 Siemens 2.3MW turbines, which, along with the turbine blades and towers, will be made in Ontario.

The project will begin construction soon, and is scheduled to be completed in the third quarter of 2014.

The development is part of a controversial deal struck between the Ontario government and a consortium headed by Samsung. The group pledged to invest C$7 billion (US$6.8 billion) over six years to build factories and develop 2GW of wind farms in the province.

Ontario was forced to drop its feed-in tariff in May after its 50% local-sourcing rules were deemed anti-competitive by the World Trade Organisation, following complaints from the EU, Japan and the US.

The government now says it follows a competitive tendering process.

However, this is the second large project to begin construction in the province this year that is led by Samsung, following the breaking of ground at the 270MW South Kent farm in March.

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