DSME Plans Nova Scotia Wind Turbine Facility
03/08/2010
"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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