Samsung subsidiary considers $670 million in solar farm projects in Central Texas
Technology giant Samsung is considering spending $673 million to build solar energy farms in Central Texas, according to documents filed with the state.
Samsung C&T, a subsidiary of Samsung Group, has negotiated tax breaks for the potential projects in Milam County, north of the Austin metro area.
Samsung C&T is one of a number of subsidiaries of Samsung Electronics, which already has a large Central Texas presence. Samsung C&T is focused primarily on construction, engineering, trade, investment, fashion and resort projects.
Plans for the project call for three solar farms that could generate as much as 700 megawatts of electricity.