Create a free Manufacturing.net account to continue

Canada Hopes To Become Green Technology Leader

Ontario official says Samsung’s $7 billion investment will help the province become a leader in manufacturing green energy technologies it can export to the U.S. and elsewhere.

TORONTO -- Premier Dalton McGuinty says Samsung's $7-billion investment in Ontario will help the province become a leader in manufacturing green energy technologies it can export to the United States and elsewhere.

McGuinty says the Samsung wind and solar projects will allow the province to start a "cluster" of green energy companies to develop the new technology and expertise.

He says the largest deal of its kind in the world is expected to help create 16,000 jobs over next six years and will "make Ontario the place for green energy manufacturing in North America."

McGuinty, who is signing the deal with Samsung today, calls it a giant step forward towards a greener economy.

Critics say the deal gives a foreign consortium an unfair advantage over local wind and solar producers.

The Opposition says it wants the provincial auditor general to investigate the Samsung agreement to make sure taxpayers are getting a good deal.

More in Energy