Duke Energy, Sumitomo Cut A Deal
Duke Energy’s (NYSE:DUK) commercial arm Duke Energy Renewables has entered into an agreement with Sumitomo Corp.’s U.S. subsidiary, Sumitomo Corp. of America. Per the agreement, Sumitomo will have equal ownership rights over Duke’s two Kansas wind projects, the 131-megawatt (“MW”) Cimarron II Windpower Project and the 168-MW Ironwood Windpower Project. Sumitomo has already invested approximately [...]
Duke Energy’s (NYSE:DUK) commercial arm Duke Energy Renewables has entered into an agreement with Sumitomo Corp.’s U.S. subsidiary, Sumitomo Corp. of America.
Per the agreement, Sumitomo will have equal ownership rights over Duke’s two Kansas wind projects, the 131-megawatt (“MW”) Cimarron II Windpower Project and the 168-MW Ironwood Windpower Project. Sumitomo has already invested approximately $353 million to meet construction and operating expenses.
Once the project comes online, Duke … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards