03 October 2012 10:47 [Source: ICIS news]
SINGAPORE (ICIS)--Sumitomo Corporation of America (SCOA) has recently invested in Desert Sunlight Solar Farm, a 550-megawatt (MW) solar power project under construction in the ?xml:namespace>
The investment was made through a purchase of part of GE Energy Financial Services’ share in the Desert Sunlight project, giving the company 25% ownership.
Information on the start and completion dates for the construction of the project was not immediately available.
Sumitomo Corporation of
This is Sumitomo’s first venture into
The solar farm was first developed by First Solar Inc., who is responsible for constructing, operating and maintaining the project using its advanced thin-film PV technology.
“The investment in Desert Sunlight is a good representation of what Sumitomo is doing in regards to supporting a clean energy future,” said Teruyuki Miyazaki, Vice President, Power & Telecommunications Business, SCOA. “This, along with our earlier investments in major renewable energy projects in the
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