Renewable Energy Memo

July 30, 2009

Sumitomo Enters U.S. Wind Market

Filed under: wind — Tags: , , , , — Editor @ 11:59 am

Sumitomo recently entered the U.S. wind market by purchasing a 42.5% stake in a wind farm in Stanton, TX. 

Sumitomo purchased the stake from an  American International Group Inc. (AIG). General Electric Co. (GE) holds another 42.5%, with the remaining 15% owned by Invenergy LLC, the fifth-largest wind power company in the U.S.

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