The Northern Territory has signed a Memorandum of Understanding (MoU) with an international construction and engineering company to deliver a large-scale green energy project, to help meet the growing demands for green energy in the Asia and Pacific regions.
Northern Territory Chief Minister, Natasha Fyles, signed the MoU with Samsung C&T, who will work with the Northern Territory Government to establish large-scale renewable energy generation, transmission and storage in the Northern Territory, including photovoltaic, wind, hydrogen and battery energy storage systems.
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 per cent renewable energy.
A working group comprised of Samsung C&T and the Northern Territory 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.
The green energy project will help to create thousands of local jobs throughout the Northern Territory, but will also generate billions of dollars into its economy.
Northern Territory Chief Minister, Natasha Fyles, said that the signing of the green energy MoU with Samsung C&T, is a key step towards creating local jobs and contributing to the Territory’s drive to become a hub for low emissions sustainable manufacturing.
“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,” Ms Fyles said.
“Samsung knows what Territorian’s know, our solar irradiance and proximity to Asia makes this the ideal place to invest in a green energy future”.
Samsung C&T President & CEO of Engineering & Construction Group, Sechul Oh, said that the company is committed to global industry decarbonisation.
“The MOU establishes a collaborative partnership for building a prime hub dedicated to green energy production,” Mr Oh said.
“Together, we aim to decarbonise Australia and South Korea and contribute to the development of a sustainable economy.”
