Northern Territory Chief Minister Natasha Fyles has executed a Memorandum of Understanding (MOU) with Samsung C&T Corporation Engineering & Construction for the development of a mega-scale green energy project in the Territory.
Samsung C&T will collaborate with the Northern Territory Government to construct large-scale renewable energy generation, transmission, and storage systems, including photovoltaic, wind, hydrogen, and battery energy storage systems.
“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,” Chief Minister Fyles said.
As part of this project, Samsung C&T plans to develop a significant manufacturing cluster.
The clean energy generated will aid global manufacturing companies, including Samsung affiliates, transition to 100% renewable energy.
Samsung C&T and the NT Government will establish a working group under the MOU to explore the feasibility of a large-scale green energy project in the Northern Territory.
“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,” Chief Minister Fyles stated.
The MOU will last two years, identifying suitable locations for a green energy project, with the Middle Arm Sustainable Development Precinct being one of the investigated areas.
The Northern Territory is poised for a significant green energy project, which could generate billions of dollars in local jobs and economic growth.
“The MOU establishes a collaborative partnership for building a prime hub dedicated to green energy production,” Samsung C&T President & CEO of Engineering & Construction Group Sechul Oh said.
“Together, we aim to decarbonise Australia and South Korea and contribute to the development of a sustainable economy,” Oh added.