Siemens Energy (NYSE: SI) and Samsung (005930.KS) have signed a supply agreement for 600 megawatts (MW) worth of wind turbines.
The turbines will be deployed at wind projects in southern Ontario providing enough power for approximately 240,000 Canadian homes.
Furthermore, Siemens announced plans to establish a blade manufacturing site in Canada that is set to create up to 300 wind jobs in the province.
Jens-Peter Saul, CEO of the Siemens Wind Power Business Unit said th new blade production facility in Canada continues the company’s regionalization of wind manufacturing in key markets.
Siemens also recently invested in a U.S. nacelle production facility in Hutchinson Kansas which will begin operations in December 2010.
Siemens has been working with Samsung C&T and its development partner Pattern Energy on this first phase of development under Ontario’s Feed-in Tariff (FIT) program where Samsung has committed to develop 2,000 MW of wind power over the next six years.
The installed capacity of wind power in Canada is expected to increase from 3,400 MW today to more than 15,000 MW in 2020.
Siemens already has a significant presence in Canada. The company expects to have an installed capacity of 550 MW in the country by the end of 2011.
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