Someone thinks Samsung is going to be a force to be reckoned with in renewable energy:

Samsung announced its plans for world domination Tuesday.

The South Korean conglomerate said it would invest approximately $20.6 billion and boost employment by around 45,000 as part of its expansion into solar, energy efficiency, light-emitting diodes and other green markets. Samsung has already said it wants to be number one in solar by 2015.

In January, Samsung said it would invest around $6.6 billion into solar and wind projects into Ontario.

If you work at a green company, this is probably really scary news.

Samsung may indeed have a good shot at dominating renewable energy markets. But as an Ontarian, I’m more afraid of how much it is going to cost me. Dalton’s Samsung giveaway is expected to be as much as $10 billion.

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