wiredinUSA May 2015

INDEX

Fiber acquisition

Sun and sand

Corning Incorporated has completed its planned acquisition of fiber optics assets from Samsung Electronics Co Ltd. Corning will integrate the business, with fiber optic manufacturing facilities in Gumi, South Korea, and in Hainan, China, into the Corning Optical Communications business segment. The acquisition is expected to augment Corning’s market access and enhance its portfolio of optical communications products in Asia.

“We welcome Samsung Electronics’ talented team toCorning, and together we look forward toexpandingCorning’s global presence,” said Clark S Kinlin, executive vice president, Corning Optical Communications. “We are enthusiastic about the opportunities this operation provides in Korea and throughout southeast Asia.”

Marubeni Corporation and EDF Energies Nouvelles, a wholly-owned subsidiary of Électricité de France (EDF), are to invest jointly in the 146MW Laberinto Project photovoltaic solar plant. Located in the Chilean Atacama Desert, which has the highest level of irradiation in the world, the finished plant will be connected to Chile’s northern interconnected system. The project is equally owned by EDF Energies Nouvelles and Marubeni, and will contribute to the Chilean government’s aim to generate 20 percent of the country’s power from renewable energies by 2025. EDF Energies Nouvelles has a built and commissioned portfolio of over 10,000MW (gross) of renewable power plants. The Laberinto Project is the third joint project betweenMarubeni and EDF Energies Nouvelles following two projects in North America. Uponcompletion,Marubeni’s total worldwidegenerationcapacity will be 35,434MW (gross), 11,022MW (net).

wiredInUSA - May 2015

wiredInUSA - May 2015 Joint plans to invest in the Laberinto Project photovoltaic solar plant. Photograph courtesy of www.thisischile.cl

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