Last week, Duke Energy (NYSE: DUK) and Sumitomo Corp. (TYO: 8053) stated that they have completed two Kansas wind farms, part of the 168-megawatt Ironwood Windpower Project.
A 20-year agreement will allow Westar Energy (NYSE: WR) to purchase all electricity and related renewable energy credits produced at the Ironwood project.
In April, Duke Energy Renewables sold a 50-percent stake in Ironwood and the 131-MW Cimarron II project to its joint venture partner Sumitomo. Currently, Duke operates and maintains both projects, while Sumitomo remains involved in active management, RenewablesBiz reports. A dedication event followed by a facility tour is scheduled for October 25.
Duke Energy Renewables is part of Duke Energy’s Commercial Businesses; it is committed to developing innovative wind and solar power projects, boasting a current portfolio of 13 wind farms and 12 solar farms in the U.S. Duke is headquartered in Charlotte, North Carolina.
Sumitomo Corporation of America is a wholly owned subsidiary of the Japanese Sumitomo Corp., an integrated trading and investment operation involved in a variety of businesses. It has consolidated assets amounting to $87.8 billion.
