Sumitomo Corp. of America (SCOA) will become a 50-50 equity partner in two large-scale wind farms Duke Energy Renewables is building in Kansas. SCOA is buying a 50 per cent stake in the 131MW Cimarron II Windpower Project in Gray County and the 168MW Ironwood Windpower Project in Ford County.
Duke Energy Renewables and SCOA will complete construction of both wind farms later this year. Duke Energy Renewables will operate and maintain Cimarron II and Ironwood once they are in service, with SCOA actively involved in management of the projects. The deal between Duke Energy Renewables and SCOA is expected to close in April. Kansas City Power & Light will purchase all of the electricity and associated renewable energy credits (RECs) produced by Cimarron II under the terms of a 20-year agreement. Westar Energy will buy all the power and RECs produced by the Ironwood wind farm through a 20-year agreement.
Duke Energy Renewables and SCOA will complete construction of both wind farms later this year. Duke Energy Renewables will operate and maintain Cimarron II and Ironwood once they are in service, with SCOA actively involved in management of the projects. The deal between Duke Energy Renewables and SCOA is expected to close in April. Kansas City Power & Light will purchase all of the electricity and associated renewable energy credits (RECs) produced by Cimarron II under the terms of a 20-year agreement. Westar Energy will buy all the power and RECs produced by the Ironwood wind farm through a 20-year agreement.
