Korean Companies to Anchor Ontario's Green Economy
Location Canada 2010
The investment will also lead to more than 16,000 new green energy jobs to build, install, and operate the renewable generation projects. And, the Korean consortium will also work with major partners to attract four manufacturing plants. This will lead to the creation of 1,440 manufacturing and related jobs building wind and solar technology for use in Ontario and export across North America.
Additionally, the consortium fully intends to use Ontario-made steel in its renewable energy projects, such as constructing its wind turbine towers. This is the single-largest investment in renewable energy in provincial history. The consortium chose Ontario because the province's Green Energy Act guarantees stable rates for renewable energy.
Most Read
-
-
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Q3 2020
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020
-
“Made in America” Executive Order to Affect International Companies and FDI
Q1 2021
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
Pandemic Fuels Data Center Growth
Q1 2021
-
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Q4 2019