Sumitomo Corporation (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Shingo Ueno; hereinafter referred to as 'Sumitomo Corporation') will participate in the participation of Gwynt Glas, a floating offshore wind power company developed by the French Electric Power Corporation (EDF power solutions UK and Ireland) and the Irish Electric Power Corporation (ESB) in the Celtic Sea off the coast of the United Kingdom.
This project is intended to develop, construct and operate a floating offshore wind farm with a total installed capacity of approximately one and a half gigawatts in the waters about 40km off the coast of the British Kert Sea.
The UK government has positioned offshore wind as an important large-scale power source for achieving Net Zero by 2050, and in particular, floating offshore wind is expected to be a technology that enables offshore wind power in deep waters, which is difficult to install with conventional implanted offshore wind power generation.
Since Sumitomo Corporation participated in the European offshore wind power project, Sumitomo Corporation has accumulated know-how at each stage of development, construction, and operation. We will promote the development of this project in cooperation with partners who have a track record of developing floating offshore wind power generation projects in Europe. In addition, we have signed a comprehensive memorandum of understanding (MOU) with the Ministry of Business Innovation, Science and Trade of the United Kingdom, which is part of the Ministry of Business Innovation, Science and Trade, under the British government, to promote business investment in the UK, and this is one of the important initiatives in line with the memorandum of understanding. In collaboration with the UK government, Sumitomo Corporation will contribute to the development of clean energy in the UK by utilizing Sumitomo Corporation's knowledge and global network.
Green: Gwynt Glas offshore wind power project area
Sumitomo Corporation Overseas Energy Solutions SBU Naga Jun Minase
It is a great honor to be part of the Gwynt Glas project. This project is a large-scale floating offshore wind power project developed by EDF power solutions UK and Ireland and ESB, and Sumitomo Corporation will contribute to the enhancement of the value and development of this project by utilizing the knowledge and experience it has cultivated in the UK market and offshore wind power generation business. The UK is an important strategic market for Sumitomo Corporation, and through this project, we will contribute to the realization of Net Zero by the British government, promote the energy transition, and work to realize a sustainable society.
EDF power solutions UK and Ireland Matthieu Hue CEO
We are very pleased to welcome Sumitomo Corporation to the Gwynnt Glas team. Sumitomo Corporation's extensive global experience in the development and investment of offshore wind power generation complements the knowledge of the Company and ESB, and is an even stronger partnership to realize this project that is important for Wales and the United Kingdom. We look forward to working closely with our partners in the future.
ESB Generation Trading Jim Dollard Executive Director
ESB sincerely welcomes Sumitomo Corporation to welcome the Gwynnt Glas project. We are also looking forward to working with our long-time partner EDF power solutions UK and Ireland to promote this project through collaboration with Sumitomo Corporation. This participation marks an important milestone in the further progress of the project and will have great significance for ESB. Offshore wind power plays a central role in realizing ESB's net zero emission strategy, and this project will play an important role in achieving it.
Business Overview
Business name : Gwynt Glas floating offshore wind power project
Location : UK 40km off the Celtic Sea
Equipment capacity : About 1.5 gigawatts
Investment ratio : EDF power solutions UK and Ireland 33.3 percent, ESB 33.3 percent, Sumitomo Corporation 33.3 percent
Development Schedule : Around 2028, approval application is scheduled, construction and operation scheduled to start in 2030s
Related Topics: UK government to sign comprehensive memorandum of understanding on business investment
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