Login Free Trial
  • News
  • Sumitomo Creates a Joint Venture to Develop 1.5 GW of Renewable Energy in Virginia
Sumitomo Creates a Joint Venture to Develop 1.5 GW of Renewable Energy in Virginia
Emerging US Markets News
Energy
Thursday, 17th October 2024
EnergyNews

Sumitomo Corporation Group, through Sumitomo Corporation of Americas (SCOA) and Perennial Power Holdings, formed a joint venture with CEP Solar to develop over 1.5 GW of solar and energy storage projects across Virginia. Construction is set to begin in late 2025, aligning with the Virginia Clean Economy Act’s goal of 100% clean energy by 2050. This partnership leverages CEP’s local expertise and SC Group’s financing capabilities to meet rising renewable energy demand. SC Group aims to expand its U.S. renewable capacity to 1 GW by 2030, supporting its broader commitment to carbon neutrality by 2050.

Read full article
You might also like
Articles
Ecology Kicks off C&I Rulemaking: 5% of 2031-40 Caps in APCR, Proposes Caps till 2050 in Statute Policy Perspective by Jon Costantino: The May 2026 Cap-and-Invest Board Meeting. What did we learn? CARB Walking a Tight Rope to Balance Affordability and Stringency: Approves Cap and Invest Extension
Interview
What’s Driving Québec’s Carbon Market? A Conversation with Pierre-Olivier Pineau Exclusive Interview with Ben Kruger and Bryan Sievers: Exploring RNG's Role in Decarbonizing Agriculture, Transportation, and Beyond Exclusive Interview with Nausher Khan, SVP and Director at Northwest Advanced Bio-Fuels
News
Aalborg Portland has Signed an Agreement with the Danish Energy Agency to Receive a Carbon Capture Subsidy for ACCSION, its CCS Project in Denmark Plenitude Starts Production Across the Entire Renopool Plant in Spain, its Largest Photovoltaic Project Built Worldwide Google has Teamed up with American Airlines to Reduce Nearly 300,000 tons of CO2.