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.
Today, Chief Minister Natasha Fyles signed an MOU with Samsung C&T Corporation Engineering & Construction to develop a green energy project in the Northern Territory.
Samsung C&T will work with the NT Government to establish large-scale renewable energy generation, transmission and storage in the Northern Territory, including photovoltaic, wind, hydrogen and battery energy storage systems.
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.
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.
Quotes attributed to Chief Minister Natasha Fyles:
“Renewable energy makes economic and environmental sense.
“Signing today’s green energy MOU with Samsung C&T, is a key step towards creating local jobs and significantly contributing to the Territory’s drive to become a hub for low emissions sustainable manufacturing.
“The MOU sets out how the NT Government and Samsung C&T will work collaboratively to explore options and conduct feasibility investigations including how we can facilitate this project being built in the Territory.
“Samsung knows what Territorian’s know, our solar irradiance and proximity to Asia makes this the ideal place to invest in a green energy future”.
Quotes attributed to the Samsung C&T President & CEO of Engineering & Construction Group, Sechul Oh:
“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.”
Source: NT Government News Room