Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY TECH
Samsung to invest $7.04 bn in wetland green town

The government will provide full administrative support plus a plot at the reclaimed Saemangeum wetland area on the west coast, about 200 kilometres (125 miles) south of Seoul. Image courtesy Yonhap News.
by Staff Writers
Seoul (AFP) April 27, 2011
South Korea's largest business group Samsung signed an initial deal Wednesday to invest $7.04 billion in a state project to build a green energy complex on reclaimed wetland.

Samsung signed a memorandum of understanding with the government to spend 7.6 trillion won ($7.04 billion) on the construction of eco-friendly production facilities from 2021, the prime minister's office said.

The government will provide full administrative support plus a plot at the reclaimed Saemangeum wetland area on the west coast, about 200 kilometres (125 miles) south of Seoul.

Samsung said its green-energy development would have a wind-power generator, a production base for solar batteries, a research institute and houses for about 20,000 workers.

It said the investment was in line with its announcement last year to spend about 23 trillion won on new growth engines such as health care and green energy over the coming decade.

Samsung's investment is expected to speed up the massive government project to turn the reclaimed area into an eco-friendly town with industrial, tourism and agricultural facilities as well as science and research institutes.

The reclamation included the building of a 33.9 kilometre (20 mile) sea dike, which was completed in 2006.

Last August OCI, South Korea's leading maker of polysilicon used in solar panel cells, announced a plan to invest some 10 trillion won in the area by 2020.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
Say hello to cheaper hydrogen fuel cells
Los Alamos NM (SPX) Apr 26, 2011
Los Alamos National Laboratory scientists have developed a way to avoid the use of expensive platinum in hydrogen fuel cells, the environmentally friendly devices that might replace current power sources in everything from personal data devices to automobiles. In a paper published in Science, Los Alamos researchers Gang Wu, Christina Johnston, and Piotr Zelenay, joined by researcher Karren ... read more







ENERGY TECH
Majority of European firms fail on carbon reporting: study

NASA Releases Scorecard On Energy And Sustainability Goals

Coal miners cold on Australia carbon tax

Nonprofits Awarded For Energy Efficiency And Water Conservation

ENERGY TECH
In jumpy gulf, Sunni-Shiite tensions rise

BP raises profits, Gulf oil spill costs

BP logs soaring profits, but upgrades oil spill costs

Scientists Focus on Light Ions for Fast Ignition of Fusion Fuels

ENERGY TECH
Better understanding turbine wakes

Google, Japanese invest $500 million in wind farm

Manitoba wind farm comes online

Alstom Announces Commercial Operation Of First North American Wind Farms

ENERGY TECH
UNI-SOLAR Brand PVs Installed on Eurocopter Logistics Center

Solar power goes viral

Let's Talk About Solar Subsidies in Context

Lubi is World's Most Efficient Solar Device

ENERGY TECH
Risks remain at Japan's nuclear plants

NASA Technology Looks Inside Japan's Nuclear Reactor

TEPCO ill-prepared for crisis: Japan nuclear advisor

Putin wants to export 'world best' Russian nuclear safety

ENERGY TECH
Food vs fuel: the debate is over

Holmen Invests in Biofuel Boiler

Chicken Fat Fuel Emissions Look Cleaner And Greener

Walki Biomass Cover: Improves Drying Process And Energy Content Of Energy Wood

ENERGY TECH
Asia's star ever brighter in space

What Future for Chang'e-2

China setting up new rocket production base

China's Tiangong-1 To Be Launched By Modified Long March II-F Rocket

ENERGY TECH
Turning Up The Gas

Contemporary climate change alters the pace and drivers of extinction

Effect of ocean CO2 on climate studied

Europe prays for Easter rain in worst drought for a century


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement