in News Departments > Projects & Contracts
print the content item

Japan-based Sumitomo Corp. has signed an agreement with Parkwind, a Belgian offshore wind company, to purchase minority stakes in two offshore wind farm projects off the coast of Belgium.

The Belwind 1 project has been in operation since late 2010 and has a production capacity of 165 MW. The Northwind project is currently under construction and will have a capacity of 216 MW. Both wind farms feature Vestas turbines.

Under the agreement, Sumitomo will acquire a 39% stake in the Belwind 1 project and a 33.3% stake in the Northwind project through its wholly owned subsidiaries following approval from the European Commission and other authorities.

Parkwind and Sumitomo have also entered into a project development agreement to work together on the development of the Belwind 2 project, a 165 MW offshore wind farm adjacent to Belwind 1.





Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
BG 2015DblBox_id2032
Hybrid Energy Innovations 2015