DSME Plans Nova Scotia Wind Turbine Facility
"We were attracted by Nova Scotia's skilled workforce, efficient transportation systems, competitive costs and multiple energy sources, including wind, tidal and offshore," said Nam Sang-Tae, DSME CEO and President.
DSME and Nova Scotia signed a shareholder agreement in which DSME contributed C$20.4 million and will hold 51 percent of common shares, and Nova Scotia provided C$19.6 million and will hold 49 percent of the shares. The Canadian government will invest C$10 million via the Atlantic Canada Opportunities Agency.
DSME is one of the world's largest ship builders, and is publicly listed on the Korean Stock Exchange.
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