Ontario Government Reduces commitment to Wind Turbines in Samsung contract

The "Samsung deal" has been significantly rolled back

Newsroom : Energy Agreement Secures Jobs and Clean Energy | Government of Ontario News Release: 

The Ontario government is supporting job creation and protecting ratepayers by updating the province's Green Energy Investment Agreement (GEIA) with the Korean Consortium, which includes Samsung C&T Corporation.
... the revised agreement will increase local control over renewable energy projects, create jobs and protect ratepayers by:

• Extending job commitments from 2015 to 2016. In addition, Samsung will build a fourth manufacturing facility in London by the end of this year, which is expected to create up to 200 additional manufacturing, and research and development jobs.

• Reducing the total commitment for renewable energy projects from 2,500 megawatts (MW) to 1,369 MW. This represents an estimated $3.7 billion reduction in contract cost, or about $24 per year for the average residential consumer. 

• Increasing local engagement for all future renewable energy projects under the revised agreement. The Korean Consortium will be required to obtain municipal council support resolutions for new renewable energy projects.

 Read the entire Government of Ontario News Release
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