Samsung deal called off
by Jason Teakle Brant News
An agreement between Six Nations and Samsung C&T Corporation involving Six Nations participation in wind and solar projects has been called off.
Six Nations intended to partner with the company on two renewable energy projects, one in Haldimand County and a smaller project planned for Fifth Line on Six Nations. Samsung and Six Nations signed a memorandum of understanding outlining the deal last year. Six Nations elected band council Chief Bill Montour said the two groups business models did not connect.
“What caused the failure is that the company was very closed about the information we needed,” Montour said during an interview. “If a business is reclusive about information, it is very hard to proceed with a deal.”
Montour said any agreement made must make sense for the Six Nations community.
“(Samsung) was basically saying ‘sign this deal and trust us,'” he said. “There are plenty of other North American companies that are just as capable with this and we will be moving forward with that.”
If the deal had proceeded, a 260-megawatt project would have been built in Port Maitland, generating 140 megawatts of wind power and 120 megawatts of solar power, Montour said.
Montour said a smaller project, comprised of a 10-megawatt solar power generation station, was also slated for Fifth Line on Six Nations.
“We spent a lot of time trying to understand each other,” he said. “Because they are a private company, they were not comfortable dealing with the public sector’s needs.”
Six Nations district four Coun. Helen Miller said she is disappointed with the result of negotiations with Samsung.
“We were supposed to be partners,” Miller said. “They were just giving us crumbs.”
The agreement was intended to be part of a $7 billion deal between Ontario and Samsung C&T Corporation to build wind turbines and green energy infrastructure in the province.