Samsung unit considers $673 million solar power plants in Texas -documents
A unit of Samsung C&T is considering investing $673 million in building solar power plants in Texas, aiming to start commercial production in December 2023, documents reviewed by Reuters showed.
The solar facilities will be located in the Milam county, Texas, the documents showed. The county is less than a two-hour drive to Samsung Electronics’ chip factory in Austin where the South Korean firm is considering building a new $17 billion chip plant.
With a combined capacity of about 700 megawatts, the solar power factories will start construction in June 2022, according to the documents.
A Samsung C&T official told Reuters that it is currently “proceeding approval procedures with the state” but there are no current discussions with Samsung Electronics regarding the project.
