Identifier
Created
Classification
Origin
10TORONTO58
2010-01-21 19:39:00
UNCLASSIFIED
Consulate Toronto
Cable title:
Korean Consortium Hits Green Energy Gold
how-toVZCZCXYZ0000 RR RUEHWEB DE RUEHON #0058 0212001 ZNR UUUUU ZZH R 211939Z JAN 10 FM AMCONSUL TORONTO TO RUEHC/SECSTATE WASHDC 0079 INFO ALL CANADIAN POSTS COLLECTIVE RHEBAAA/DEPT OF ENERGY WASHINGTON DC RUCPDOC/DEPT OF COMMERCE WASHINGTON DC
UNCLAS TORONTO 000058
SIPDIS
DEPT PASS TO FERC
DEPT PASS TO USTR/MARY SULLIVAN
DEPT PASS TO EPA
E.O. 12958: N/A
TAGS: ENRG ETRD EINV SENV CA
SUBJECT: Korean Consortium Hits Green Energy Gold
REF: 09 TORONTO 255
UNCLAS TORONTO 000058
SIPDIS
DEPT PASS TO FERC
DEPT PASS TO USTR/MARY SULLIVAN
DEPT PASS TO EPA
E.O. 12958: N/A
TAGS: ENRG ETRD EINV SENV CA
SUBJECT: Korean Consortium Hits Green Energy Gold
REF: 09 TORONTO 255
1. (U) On January 21, Ontario announced a landmark C$7 billion deal
to develop 2,500 megawatts (MW) of wind (2,000 MW) and solar (500
MW) power projects at highly-subsidized rates. The winner of the
award is a Korean consortium led by Samsung Corporation and the
Korean Electric Power Corporation. The Province's announcement
confirms speculation that Samsung would establish manufacturing
facilities in the Province in order to qualify for the lucrative
feed-in tariffs associated with the province's Green Energy Act
(reftel). The consortium will reportedly manufacture equipment
such as wind turbine towers and solar inverters in Ontario.
2. (U) Negotiations for the deal, shrouded in controversy,
apparently began long before the domestic content requirements for
feed-in tariff eligibility were finalized and released to the
public in late September 2009. Details revealed in today's
announcement, coming nearly four months after the deal was first
leaked, does not differ markedly from the initial reports.
JOHNSON
SIPDIS
DEPT PASS TO FERC
DEPT PASS TO USTR/MARY SULLIVAN
DEPT PASS TO EPA
E.O. 12958: N/A
TAGS: ENRG ETRD EINV SENV CA
SUBJECT: Korean Consortium Hits Green Energy Gold
REF: 09 TORONTO 255
1. (U) On January 21, Ontario announced a landmark C$7 billion deal
to develop 2,500 megawatts (MW) of wind (2,000 MW) and solar (500
MW) power projects at highly-subsidized rates. The winner of the
award is a Korean consortium led by Samsung Corporation and the
Korean Electric Power Corporation. The Province's announcement
confirms speculation that Samsung would establish manufacturing
facilities in the Province in order to qualify for the lucrative
feed-in tariffs associated with the province's Green Energy Act
(reftel). The consortium will reportedly manufacture equipment
such as wind turbine towers and solar inverters in Ontario.
2. (U) Negotiations for the deal, shrouded in controversy,
apparently began long before the domestic content requirements for
feed-in tariff eligibility were finalized and released to the
public in late September 2009. Details revealed in today's
announcement, coming nearly four months after the deal was first
leaked, does not differ markedly from the initial reports.
JOHNSON