A unit of Samsung C&T is considering investing $ 673 million to build solar power plants in Milam County, Texas, near Samsung Electronics’ chip factory in Austin.
A solar power plant in Maryland, USA. (Photo: AFP / VNA) A unit of the company Samsung C&T is considering investing $ 673 million in the construction of solar power plants in Texas (USA), to start commercial production in December 2023. The solar facilities above will be located in Milam County, Texas, less than two hours ‘drive from Samsung Electronics’ chip factory in Austin. Austin is where Samsung is considering building a new $ 17 billion chip factory. With a capacity of about 700 MW, solar power plants will begin construction in June 2022. A Samsung C&T official said the company is doing the approval procedures with the authorities. The attractiveness of solar and wind power is increasing rapidly as nations around the world switch from fossil fuels to cleaner renewable sources to prevent global warming. The administration of US President Joe Biden aims to generate electricity from non-carbon sources such as nuclear and renewable energy by 2035. Recently, South Korean President Moon Jae-in also pledged to end all new funding for overseas coal projects and will soon come up with a more ambitious plan to cut carbon emissions. . In October, Samsung C&T Corp announced its decision to suspend any new projects or investments related to coal. While chip makers like Samsung Electronics, Intel and TSMC are also committed to increasing the use of renewable energy to reduce carbon emissions.
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