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Samsung C&T Considers $ 673 Million for Solar Power Plants in Texas

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3 weeks ago

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According to a source citing Reuters, who had the relevant documents, Samsung’s core division is considering allocating $ 673 million for the construction of solar power plants in Texas. Construction may begin next June, with commercial operation in December 2023.

According to the documents, the power plants will be located in Milam district. It is less than two hours from Samsung Electronics’ Austin chip factory, where the South Korean firm is considering building a new $ 17 billion chip factory. The total capacity of the power plants will be close to 700 MW.

A Samsung C&T spokesman told Reuters that “state approval procedures are underway,” but the project has not yet been discussed with Samsung Electronics. Last October, Samsung C&T announced that it would cease any new investments and projects related to coal.

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