Following Ontario's recent new price supports for the renewable energy industry, the Canadian province is seeing quick results. Two large renewable energy projects may be happening in the future.

One of the projects seems to be coming from Canadian Hydro Developers Inc., a company which has just signed an agreement to acquire an offshore wind project in the Great Lakes, bordering Ontario. The second project may involve South Korea's Samsung C&T Corporation, for the development of a large wind power project in the province.

Canadian Hydro has acquired an offshore project from US based Wasatch Wind Inc., which could eventually become the largest in the world, with rights to build up to 4.4 GW of capacity. The first 500 MW are scheduled to come online by 2014.

On the other side, Samsung "seems" to be in "serious discussions" for the development of a large renewable energy project in the province, according to Ontario's Ministry of Energy and Infrastructure. Further according to Canadian media, Samsung's plans involve the construction of 200 wind turbines on the northern shores of Lake Erie. Test towers are also planned this fall to measure and collect data for assessment of the area's potential for wind energy power generation. No official commentary from Samsung or the ministry has been released yet, so this is filed under "rumors" for now.

[via: Wall Street Journal]