Sumitomo Corporation to Commence Operation of First Independent Large-Scale Battery Power Storage System
NEW YORK, NY, January 13, 2016 – SC and SCOA announced today they are to commence operation of their innovative battery power storage system, Willey Battery Utility, LLC, that they have been constructing in Hamilton County, Ohio since April.
Duke Energy Renewables Acquires Half Interest In Sumitomo’s Mesquite Creek Wind Project Serving Mars Inc.
CHARLOTTE, N.C., Sept. 1, 2015 – Duke Energy Renewables has acquired a 50-percent stake in Mesquite Creek Wind, a 211-megawatt (MW) wind power project near Lamesa, Texas, through its joint venture partnership with Sumitomo Corporation of Americas.
Sumitomo Corporation Expands Renewable Energy Portfolio as Sole Owner of Mesquite Creek Wind Farm in Texas
New York, New York, April 30, 2014 – Sumitomo Corporation of Americas (SCOA) and Sumitomo Corporation (SC) (collectively Sumitomo) have acquired the remaining shares of the Mesquite Creek Wind Farm.
Read Story, and click below for a video of the Mesquite Creek Wind Farm Construction
SCOA, Duke Energy To Dedicate Second Kansas Wind Farm
New York, New York, October 18, 2012 -- SCOA and Duke Energy Renewables announced the completion of the second of the joint venture partners' two Kansas wind farms - the Ironwood Windpower Project in Ford County.
Sumitomo Invests in Desert Sunlight Solar Farm, The Largest PV Project Approved for Federal Land
New York, New York, October 2, 2012 -- SCOA and its parent company Sumitomo Corporation have invested in the Desert Sunlight Solar Farm, a 550-megawatt (MW) solar power project under construction in the California desert, east of Palm Springs.
Shepherds Flat, Largest On-Shore Wind Farm in the World, Begins Operations
Arlington, Oregon, September 24, 2012 -- SCOA executives were on-site to mark the kick-off operations of Shepards Flat Wind Farm, one of the largest on-shore wind farms in the world, generating up to 845 MW of clean wind energy. SCOA joined co-owners, Caithness Energy, GE Energy Financial Services, Google and Tyr Energy, Inc., as Shepards Flat began operations in Oregon.
Duke Energy and Sumitomo To Jointly Own Kansas Wind Farm
March 27, 2012 – SCOA took a 50% stake in two large-scale wind farms that Duke Energy Renewables is building in Kansas, the 131-megawatt (MW) Cimarron II Windpower Project in Gray County and the 168-MW Ironwood Windpower Project in Ford County.
Duke Energy Renewables, a commercial business unit of Duke Energy, and SCOA will complete construction of both wind farms later this year. Duke Energy Renewables will operate and maintain Cimarron II and Ironwood once they are in service, with SCOA actively involved in management of the projects.
“Forging this new strategic partnership with Sumitomo – a strong global company – helps Duke Energy Renewables manage its capital deployment effectively and fuel continued growth in its wind and solar power businesses,” said Duke Energy Renewables President Greg Wolf.
“We are pleased to join together with such a strong partner as Duke Energy,” said Masao Miyamoto, vice president and head of SCOA’s Power and Telecom Business. “This joint venture marks another step in the evolution of Sumitomo’s renewable energy business strategy, as we take a more active role in wind and other renewable projects. We will continue to look for opportunities where we can leverage our experience as a leading developer and a long-term strategic investor in high-quality renewable energy projects in the advanced development phase.”
The deal between Duke Energy Renewables and SCOA is expected to close in April. In addition, the companies are exploring opportunities to finance the cost of constructing and operating the Cimarron II and Ironwood wind projects. Both projects have long-term contracts in place to sell the electricity they generate. Kansas City Power & Light will purchase all of the electricity and associated renewable energy credits (RECs) produced by Cimarron II under the terms of a 20- year agreement. Westar Energy will buy all the power and RECs produced by the Ironwood wind farm through a 20-year agreement.
Sumitomo Expands Renewable Energy Portfolio as Joint Owner of World’s Largest Wind Farm in Oregon
APRIL 18, 2011--- In addition, SCOA has joined GE and developer and managing member Caithness Energy as owners of the world’s largest wind farm, the 845-megawatt Shepherds Flat wind project under construction near Arlington, Oregon. Sumitomo along with Google Inc, and a subsidiary of ITOCHU Corporation are investing approximately $500 million in the $2 billion project. Additional financial details of the transaction were not disclosed.
“The investment in the Shepherds Flat wind farm reinforces our commitment to ensuring a cleaner environment for all of us and future generations,” said Masao Miyamoto, Head of Power and Telecom Business, Vice President of Sumitomo Corporation of America. “We continue to look for similar opportunities where we can leverage our experience and know-how as a long-term strategic investor and work with strong partners on high-quality renewable energy projects in the advanced development or construction phase.”
“As originally envisioned, we are drawing on our ability to attract more private capital to the US wind market by adding partners to the Shepherds Flat project,” said Alex Urquhart, president and CEO of GE Energy Financial Services, which announced its investment in the Shepherds Flat project in December 2009. “Such projects boost energy security and supply, create jobs, and build on our partnerships with Sumitomo, Google, and ITOCHU.”
“The new investors contribute a wealth of energy expertise, innovation and strong financial profiles to the landmark Shepherds Flat wind farm project,” said Les Gelber, a managing director of Caithness Energy. The Shepherds Flat wind project stretches across 30 square miles of Gilliam and Morrow Counties in north-central Oregon. Once complete in 2012, the project will generate enough energy to supply more than 235,000 average US homes, and will avoid over 1.5 million tons of carbon dioxide per year, equivalent to the amount of carbon dioxide from approximately 260,000 passenger vehicles.
Wind turbine shipments to the site are expected to begin this spring. Construction involves not only the erection of 338 turbines, but development of 95 miles of roads and 167 miles of transmission lines. Caithness Energy has estimated that the project will inject $16 million annually of direct economic benefits into Oregon, and will employ 400 workers during construction and 35 during operation. The project will be the first wind farm in the United States to use GE Energy’s 2.5xl wind turbines, which are larger than its other models and use permanent magnet generators—turbine technology that improves efficiency, reliability and grid connection, helping to lower wind energy costs. The 2.5xl wind turbines for the Shepherds Flat wind farm are assembled at GE’s site in Pensacola, Florida. In addition to supplying the wind turbines, GE will provide operational and maintenance support to the project. Under three 20-year power purchase agreements, the Shepherds Flat wind farm will supply renewable energy to Southern California Edison, an Edison International (NYSE:EIX) company, helping California meet its renewable energy goals.
Sumitomo considers the renewable energy business as one of their main business areas and has extensive experience developing, operating and owning power generating facilities such as wind, biomass and solar business around the world. Participation in the Shepherds Flat project is Sumitomo’s second investment in the US. In 2009, Sumitomo acquired a 42.5% interest in the Stanton Wind project, a 120 MW wind power facility in Texas. Sumitomo owns and operates two wind power facilities in Japan and a 50MW wind facility in Chifeng, Inner Mongolia, China which is the largest wind energy market in the world. Sumitomo is a long-term investor in the power sector and has an approximately 5,300-net megawatt global power generation portfolio, including assets owned by SCOA.
Sumitomo has a strong global commitment to sustaining the environment by contributing to environmental businesses, like the development of renewable energy. Sumitomo will build upon its investment in Shepherds Flat and will continue to actively develop, construct and own wind and other renewable energy projects. The company is actively seeking attractive projects in the advanced development or construction phase in the US and Canada. With its global experience in developing, constructing and operating wind