26 Sep '11, 9am

LG details $7bn green investment plan: By BusinessGreen staff Electronics giant LG has released fresh details on...

Electronics giant LG has released fresh details on its multibillion-dollar green technology investment programme, confirming that it plans to invest 8 trillion won (US$6.83bn) in 'green new business' sectors by 2015. According to Reuters' reports, the South Korean conglomerate announced yesterday that it expects to generate 10 trillion won ($8.4bn) of revenue on the back of the new investment and create 10,000 new jobs globally. FURTHER READING First Solar says Californian plant will miss $1.9bn loan deadline US solar roll out up 69 per cent on 2010 It also provided fresh details of how the new investment will be divided, confirming that 2 trillion won has been earmarked for the electric vehicle battery sector through to 2013, with a further 1 trillion won to be invested in solar photovoltaic, LED and water treatment technologies. The company is also attempting to position...

Full article: http://www.businessgreen.com/bg/news/2111933/lg-details-u...

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