Consumer electronics company Samsung, besides pumping out flat panel televisions, Blu-ray players and the like, is also a giant global conglomerate with its fingers in many pies. One of these will soon be a massive clean energy “green park” set for a 2021 kick off in South Korea that reportedly will cost the company at least 7.6 trillion won ($7 billion) to build.
Samsung said the Green Energy Industrial Park site will be used to create what it calls a new green energy industry for the area. Plans for this park include sites for research and development of wind turbines, solar cells and energy storage systems. Also on the block reportedly are housing facilities for the estimated 20,000 individuals which Samsung expects to employ in the roughly 4.4 square mile Saemangeum area.
As we’ve noted in the past, Samsung isn’t the only majorly diverse electronics company making a greater play in the green technology space. Panasonic, for example, plans a collection of sustainability-related initiatives that will reportedly double the sale of “environmentally conscious” products in North America. Toshiba, meanwhile, last year said it would be expanding production capacity at a plant in Houston, Texas for “production of high-performance drive motors for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs).”