Sumitomo Buys 50% Stake in Two Duke Energy Wind Farms in Kansas
The deal includes Duke’s 131-megawatt Cimarron II and 168- megawatt Ironwood projects in Gray and Ford counties, the Charlotte, North Carolina-based utility holding company said today in a statement. Terms weren’t disclosed.
Construction of both projects will be completed this year, and Duke is “exploring opportunities to finance the cost of constructing and operating” the projects with Sumitomo, it said.
Kansas City Power & Light Co. will purchase the output of Cimarron II, and Westar Energy Inc. has a contract to buy the electricity generated by Ironwood.
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