Full launch of commercial operations of wind power generation business in Inner Mongolia, China

admin — Wed, 11 Nov 2009 13:42:33 +0000

Sumitomo Corporation (President & CEO: Susumu Kato, Head office: Chuo-ku, Tokyo), Sumitomo Corporation (China) Holding Ltd. (President & CEO: Kenji Kajiwara, Head office: Beijing, China) and Sumitomo Corporation Kyushu Co., Ltd. (President & CEO: Toshio Yoshimoto, Head office: Fukuoka city, Fukuoka) have fully launched commercial operations of a wind power station in Chifeng, Inner Mongolia, China, following the completion of installation and test operation of all windmills. The project has been developed in partnership with China Datang Corporation (hereinafter, “Datang”), one of the five largest power generation companies in China, and Kyushu Electric Power Company (hereinafter, “Kyushu Electric Power”). The company running the project, Datang Sino-Japan (Chifeng) Renewable Power Corporation, was founded in November 2007, with a 20% investment by Sumitomo Corporation, 51% by Datang and 29% by Kyushu Electric Power. As the first Sino-Japanese joint wind power generation initiative, this project has been developed with loans from the Asian Development Bank and the Industrial and Commercial Bank of China. Commercial operation of the power station is scheduled to continue for 25 years from date of the company’s foundation. The power station has a capacity of 50,000 kW. It consists of 25 wind turbine generators made by VESTAS, each having a capacity of 2,000 kW, installed across a stretch of grassland. Annual power generation is expected to be 130 million kWh. This power will be sold to Northeast China Grid Company Ltd., a state-owned power distribution company, in accordance with the Renewable Energy Law of China. As a CDM facility, environmental contributions in the form of a reduction of 150,000 tons of CO2 emissions per year are also expected. Sumitomo Corporation Group has positioned renewable energy as one of its key areas of focus. Along with biomass and wind power generation initiatives in Japan, the Group launched a large-scale photovoltaic power generation business in Spain last year and participated in wind power generation projects in the U.S. in July 2009. Spurred on by the official launch of the wind power station in China, which is seeing the construction of new stations at a rate second only to the U.S., Sumitomo Corporation will continue to explore new opportunities in this sector.

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Full launch of commercial operations of wind power generation business in Inner Mongolia, China