Wednesday, October 3, 2012

Sumitomo takes 25 per cent stake in giant US solar project

BusinessGreen: Japanese conglomerate Sumitomo Corp has bought a 25 per cent take in one of the largest solar photovoltaic (PV) developments in the US. The company yesterday announced that it will invest an undisclosed sum in the 550MW Desert Sunlight Solar Farm in the California desert. The deal is Sumitomo's first involvement in a US solar project, although it holds stakes in four US wind projects along with four solar farms in Europe. In a statement, the company said it would continue "to actively seek...

URL: http://www.businessgreen.com/bg/news/2214321/sumitomo-takes-25-per-cent-stake-in-giant-us-solar-project?WT.rss_f=Home&WT.rss_a=Sumitomo+takes+25+per+cent+stake+in+giant+US+solar+project

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