Saturday, September 23, 2023 2:27 pm

Sumitomo buys 25% stake in First Solar California project

By Justin Doom and Ehren Goossens


Desert Sunlight Solar Farm

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.



Solar panel tariffs may be set for long term/Reuters

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories

Plastics recycling facility planned in Eloy

By AZBigMedia Freepoint Eco-Systems LLC announced the development of a commercial-scale advanced plastics recycling facility located in Eloy, Arizona. The ISCC Plus Certified facility will recycle end-of-life waste plastic otherwise destined for landfills or incineration.

Read More »

Nikola appoints new COO

(Photos via Nikola Press Release) By InBusiness Phoenix Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via its HYLA

Read More »