NT inks MoU for green energy hub with Samsung C&T

Wind turbine with solar panels against beautiful sunny orange sky (energy survey)
Image: Shutterstock

Northern Territory Chief Minister Natasha Fyles has signed a Memorandum of Understanding (MoU) with Samsung C&T Corporation Engineering & Construction to develop a large-scale green energy project in the 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 solar, wind, hydrogen and battery energy storage systems.

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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.

Chief Minister Natasha Fyles said, “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.

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“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 Territorians know—our solar irradiance and proximity to Asia makes this the ideal place to invest in a green energy future”.

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