By Justin Doom and Ehren Goossens
Bloomberg
Sumitomo Corp. (8053), Japan’s third-largest trading house, bought 25 percent of a power project First Solar Inc. (FSLR) is building in southern California to expand its renewable- energy portfolio.
Sumitomo acquired the stake from General Electric Co. (GE), which jointly owns the 550-megawatt Desert Sunlight solar farm with NextEra Energy Inc., the Tokyo-based company said today in a statement. Terms weren’t disclosed.
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