New Mega Scale Green Energy Project slated for the NT
The Northern Territory’s abundant solar resources and geographic location position us well to meet the growing demand for green energy in Asia and the Pacific.
Samsung C&T Corporation Engineering & Construction have signed an MOU with Northern Territory Government to scope and investigate the feasibility of large-scale renewable energy infrastructure, including manufacturing the Territory.
Additionally, Samsung C&T intends to establish a substantial manufacturing hub as part of this project.
The clean energy produced will help manufacturing companies, including Samsung affiliates and other global companies, transition to 100% renewable energy.
Samsung C&T President & CEO of Engineering & Construction Group, Sechul Oh said “Samsung C&T is committed to global industry decarbonisation, leveraging the exceptional resources in the Northern Territory.
“The MOU establishes a collaborative partnership for building a prime hub dedicated to green energy production.
“Together, we aim to decarbonise Australia and South Korea and contribute to the development of a sustainable economy.”
A working group comprised of Samsung C&T and the NT Government will be established under the MOU to scope and investigate the feasibility of a large scale green energy project in the Northern Territory.
The MOU will operate for a period of two years and, during this time, suitable locations for the green energy project will be identified, with the Middle Arm Sustainable Development Precinct one of the locations to be investigated.
A green energy project of this scale is a game changer for the Northern Territory and would create thousands of local jobs and generate billions of dollars into our economy.