Sumitomo Corporation has signed a contract to invest alongside Macquarie Capital in Galloper Offshore Wind Farm. Sumitomo will indirectly take a 12.5% stake in the project with the transaction due to complete in the coming months. The offshore project site is located in the North Sea, 27 kilometers off the coast of Suffolk, UK. The wind…
Sumitomo forges forging project with Brazil’s Gerdau for turbine components
Sumitomo Corporation, together with The Japan Steel Works (JSW), announced their partnership with Gerdau to manufacture and sell wind power generation forged products under the joint-venture. Gerdau is the largest long steel manufacturer in Brazil. Production of these forged parts is expected to begin in 2017.
Sumitomo Corp to begin operation of first independent large-scale battery power storage system
Sumitomo Corp of Americas is commencing the operation of its innovative battery power storage system, Willey Battery Utility, LLC, that it has been constructing in Hamilton County, Ohio since April.
Duke Energy acquires 50% stake in Texas’ Mesquite Creek Wind Farm
Duke Energy Renewables has acquired a 50% stake in Mesquite Creek Wind, a 211-megawatt (MW) wind-power project near Lamesa, Texas, through its joint venture partnership with Sumitomo Corp. of Americas. The acquisition increases Duke Energy Renewables’ Texas wind capacity to more than 1,200 MW. Global food manufacturer Mars Inc., best known for its candy products, is…
Sumitomo invests in battery energy storage project to help balance Northeastern U.S. grid
Sumitomo Corporation, together with Sumitomo Corporation of Americas (collectively “Sumitomo Corporation Group”), announced their investment in an innovative battery power storage system that will provide a reliable and stable supply-demand balancing service for the frequency regulation market operated by PJM, the largest regional transmission organization of wholesale electricity in the U.S. Sumitomo acquired an interest…
Wind work around North America
Once again, uncertainty over the PTC or federal wind energy tax credits have had a chilling effect on new wind project development once again across the country. On the upside, three federal grants of about $47 million each and intended to spur offshore wind development in New Jersey, Oregon, and Virginia, have been awarded to…
Mars candy company to generate 100% of its electricity from 200 MW wind farm
The Mars candy company, in partnership with Sumitomo Corporation of Americas, announced an agreement on a new 200 MW wind farm that will generate 100% of the electricity needs of Mars’ U.S. operations, which is comprised of 70 sites, including 37 factories and 25,000 associates. ‘Mesquite Creek Wind,’ a 118-turbine wind farm was jointly developed…