Japanese trading company Sumitomo Corporation has acquired a 29.5% interest in two French offshore wind farms, owned by a consortium including French utility Engie and Spanish outfit EDP Renovaveis. Sumitomo Corporation is one of Japan's leading industrial groups and is heavily involved in wind energy projects in Japan, Europe, the United States, South Africa and China. The deal is the first of its kind for Japan since it began buying stakes in renewable energy projects last year.
Japanese trading company Sumitomo Corporation has acquired a 29.5% interest in two French offshore wind farms, owned by a consortium including French utility Engie and Spanish outfit EDP Renovaveis. The deal is the first of its kind for Japan since it began buying stakes in renewable energy projects last year.