Ontario slashes Samsung deal following WTO ruling

CANADA: Ontario has cut by more than one third the amount of electricity it intends to buy from Samsung wind and solar energy projects in the province.

Ontario's parliament… province ended FIT programme
Ontario's parliament… province ended FIT programme

The green energy deal between Ontario and the South Korean manufacturer was signed in 2010 but has been subject to a number of revisions since. The contract has been cut from 2.5GW to 1.369GW.

In May, Ontario dropped its feed-in tariff programme and made changes to its local content regulations for wind farms following a World Trade Organisation (WTO) ruling that they contravened international trade law.

Under the terms of the revised deal, Ontario will now buy C$6 billion worth of electricity from Samsung, a cut of C$3.7 billion.

In 2011 the Ontario government slashed C$327 million from a C$437 subsidy towards building factories to make turbine tower and blades.

Samsung has also cut its original commitment to invest $7 billion in new manufacturing plants and renewable energy projects in the province to C$5 billion.

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