Samsung Renewable Energy
Total capacity of implemented projects
1 - 5 GW
Countries of projects presence
2
Samsung Renewable Energy is a Canadian-based company that operates in the renewable energy project development sector. The company is a subsidiary of Samsung C&T Corporation, a global leader in engineering, construction, and trading. Samsung Renewable Energy is committed to developing renewable energy projects that will reduce greenhouse gas emissions and help Canada transition to a low-carbon economy.
The company was established in 2010, following the signing of a Memorandum of Understanding between Samsung C&T Corporation and the Government of Ontario. The agreement was aimed at developing renewable energy projects in the province, with a focus on wind and solar energy. Since then, Samsung Renewable Energy has become one of the leading developers of renewable energy projects in Canada, with a portfolio of projects that includes wind, solar, and energy storage.
Samsung Renewable Energy's mission is to provide sustainable energy solutions that will help reduce the impact of climate change. The company's approach to renewable energy development is based on three pillars: innovation, collaboration, and sustainability. Samsung Renewable Energy is committed to developing innovative technologies and solutions that will improve the efficiency and effectiveness of renewable energy systems. The company also works closely with local communities, stakeholders, and partners to ensure that its projects are socially and environmentally responsible. Finally, Samsung Renewable Energy is committed to sustainability, and strives to minimize the environmental impact of its operations and projects.
One of Samsung Renewable Energy's flagship projects is the South Kent Wind project, located in Chatham-Kent, Ontario. The project consists of 124 wind turbines, with a total capacity of 270 MW. The South Kent Wind project is one of the largest wind energy projects in Canada, and is capable of generating enough electricity to power more than 100,000 homes. The project was completed in 2014, and has been recognized for its innovative design and environmental stewardship.
Another major project developed by Samsung Renewable Energy is the Grand Renewable Energy Park, located in Haldimand County, Ontario. The project consists of 67 wind turbines, with a total capacity of 149 MW, and a 100 MW solar facility. The Grand Renewable Energy Park is one of the largest renewable energy projects in Canada, and is capable of generating enough electricity to power more than 50,000 homes. The project was completed in 2016, and has been recognized for its innovative design and community engagement.
Samsung Renewable Energy is also involved in the development of energy storage projects, which are becoming increasingly important as the renewable energy sector continues to grow. The company is currently developing a 20 MW energy storage project in Ontario, which will help to balance the grid and improve the reliability of renewable energy systems.
In addition to its renewable energy projects, Samsung Renewable Energy is also committed to supporting local communities and promoting sustainable development. The company has established a Community Benefits Program, which provides funding for local initiatives and projects that promote economic development, environmental sustainability, and social well-being. Samsung Renewable Energy also works closely with local Indigenous communities, and has established partnerships with several First Nations groups to support economic development and renewable energy projects.
Samsung Renewable Energy's commitment to innovation, collaboration, and sustainability has made it a leader in the renewable energy sector in Canada. The company's portfolio of projects demonstrates its ability to develop large-scale, innovative projects that are socially and environmentally responsible. As Canada continues to transition to a low-carbon economy, Samsung Renewable Energy will play an important role in helping to reduce greenhouse gas emissions and promote sustainable development.