A massive renewable energy project is coming to the Northern Territory through a strategic partnership between the NT Government and Samsung C&T Corporation Engineering & Construction.
Under the new project, Samsung C&T will work closely with the government to establish large-scale renewable energy generation, transmission, and storage in the Northern Territory, including photovoltaic, wind, hydrogen, and battery energy storage systems.
The project will also establish a manufacturing hub and help manufacturing companies, including Samsung affiliates and other global businesses, transition to 100 per cent renewable energy.
A new working group comprised of representatives from Samsung C&T and the NT Government will also be launched launch to scope and investigate the feasibility of a large-scale green energy project in the Territory.
The project will operate for two years. 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.
Chief Minister Natasha Fyles, who signed the memorandum of understanding (MOU) with Samsung C&T today, said the agreement marks a significant step towards creating local jobs and accelerating the Territory’s efforts towards becoming a hub for low-emission, 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,” said Fyles. “Samsung knows what Territorians know, our solar irradiance and proximity to Asia makes this the ideal place to invest in a green energy future”.
Sechul Oh, president and CEO of Engineering and Construction Group at Samsung C&T, said the MOU establishes a collaborative partnership for building a prime hub dedicated to green energy production.
“Samsung C&T is committed to global industry decarbonisation, leveraging the exceptional resources in the Northern Territory.” Oh said. “Together, we aim to decarbonise Australia and South Korea and contribute to the development of a sustainable economy.”
