{"id":45141,"date":"2023-09-15T15:11:27","date_gmt":"2023-09-15T06:11:27","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=45141"},"modified":"2023-09-15T17:13:41","modified_gmt":"2023-09-15T08:13:41","slug":"samsung-cts-deal-to-expand-solar-power-presence-in-the-u-s","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2023-09-samsung-cts-deal-to-expand-solar-power-presence-in-the-u-s\/","title":{"rendered":"Samsung C&amp;T\u2019s deal to expand solar power presence in the U.S."},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"45141\" class=\"elementor elementor-45141\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-392b93c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"392b93c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4973939\" data-id=\"4973939\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bec14bd elementor-widget elementor-widget-heading\" data-id=\"bec14bd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">At a glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a8d438e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a8d438e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-28cbcac\" data-id=\"28cbcac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cfad7ca elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"cfad7ca\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Samsung C&T Trading & Investment Group agrees to new deal to develop 15 solar power and Energy Storage System projects in the U.S.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Combined power capacity to reach 3 gigawatts, enough to cover annual demand for 600,000 American households<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Total land area of 6,100 acres, the size of 3,450 soccer fields<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72b66c7 elementor-widget elementor-widget-text-editor\" data-id=\"72b66c7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Samsung C&amp;T Trading &amp; Investment Group\u2019s renewable energy subsidiary in the United States has received a further boost in its efforts to expand its development of solar power, with the company recently signing a contract for 15 new projects in Texas.<\/p><p>Under its deal with local counterpart Sunraycer Renewables, Samsung C&amp;T Renewables will develop six solar power plants with a capacity of around 1 gigawatt (GW) and nine Energy Storage Systems (ESS) capable of supplying approximately 2 GW of power. This combined capacity of 3 GW is enough to power 600,000 American households per year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe6154b elementor-widget elementor-widget-image\" data-id=\"fe6154b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-1-1-scaled.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDUxMzcsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjNcLzA5XC9zb2xhcl9waG90by0xLTEtc2NhbGVkLmpwZyJ9\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"2560\" height=\"1707\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-1-1-scaled.jpg\" class=\"attachment-full size-full wp-image-45137\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-1-1-scaled.jpg 2560w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-1-1-scaled-500x333.jpg 500w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-1-1-scaled-1024x683.jpg 1024w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-1-1-scaled-2048x1366.jpg 2048w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-1-1-scaled-1536x1024.jpg 1536w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-1-1-scaled-30x20.jpg 30w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Officials from Samsung C&amp;T Trading &amp; Investment Group and Sunraycer Renewables agree to develop 15 new solar power projects in Texas.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc3be65 elementor-widget elementor-widget-heading\" data-id=\"bc3be65\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A vast solar power landscape<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a57b902 elementor-widget elementor-widget-text-editor\" data-id=\"a57b902\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The process of developing the new Texas projects includes securing land use rights and carefully conducting various evaluations, including reviewing the situation concerning the local power system connection \u2013 especially as the total business area will cover approximately 6,100 acres. To put it another way, that is the size of 3,450 soccer fields!<\/p><p>The plan is to begin kicking off the projects\u2019 commercial operations between 2025 and 2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4289f5b elementor-widget elementor-widget-image\" data-id=\"4289f5b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-2.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"solar_photo 2\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6NDUxMjUsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjNcLzA5XC9zb2xhcl9waG90by0yLmpwZyJ9\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1263\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-2.jpg\" class=\"attachment-full size-full wp-image-45125\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-2.jpg 1920w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-2-500x329.jpg 500w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-2-1024x674.jpg 1024w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-2-1536x1010.jpg 1536w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2023\/09\/solar_photo-2-30x20.jpg 30w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9029a4 elementor-widget elementor-widget-heading\" data-id=\"c9029a4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The expanding significance of solar power<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-691b1b4 elementor-widget elementor-widget-text-editor\" data-id=\"691b1b4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With solar set to be the <a href=\"https:\/\/www.iea.org\/energy-system\/renewables\/solar-pv\">world\u2019s biggest source of power by 2027<\/a>, Samsung C&amp;T has recognized the need to expand and diversify its portfolio in this key area of renewable energy.<\/p><p>The company has already secured a combined 14.9 GW of solar power and ESS pipeline projects in the United States. Last year, Samsung C&amp;T also began solar power development operations in Australia, which have since reached a capacity of 1.3 GW. Globally, it aims to have reached a total solar power development capacity of 25 GW by 2025.<\/p><p>Long-term partnerships are particularly meaningful for stable business growth, as Samsung C&amp;T aims to expand cooperation with Sunraycer Renewables in the U.S. market going forward.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>At a glance Samsung C&amp;T Trading &amp; Investment Group agrees to new deal to develop 15 solar power and Energy Storage System projects in the U.S. Combined power capacity to reach 3 gigawatts, enough to cover annual demand for 600,000 American households Total land area of 6,100 acres, the size of 3,450 soccer fields Samsung [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":45204,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-45141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Samsung C&amp;T\u2019s deal to expand solar power presence in the U.S. - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2023-09-samsung-cts-deal-to-expand-solar-power-presence-in-the-u-s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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