for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Samsung C&T to build solar plants in California

SEOUL, Feb 17 (Reuters) - South Korea's Samsung C&T Corp 000830.KS said on Wednesday it had agreed to build and run solar power plants in California for 25 years under a deal with utility PG&E PCG.N.

Samsung C&T said in a statement under the project it would build five power plants by 2012 with a combined capacity of 130 megawatts, enough to power 40,000 homes. Financial terms of the deal were not disclosed.

California hopes clean power will provide one-third of its electricity by 2020.

A consortium led by Samsung C&T last month won a C$7 billion ($6.7 billion) deal to build four wind and solar power clusters with total capacity of 2.5 gigawatts in Ontario, Canada. [ID:nN21186007] ($1=1.043 Canadian Dollar) (Reporting by Rhee So-eui and Shin Jieun; Editing by Jonathan Hopfner)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up