Sumitomo Corp. sells equity stakes in three offshore wind projects in Belgium

Type: Sale · Technology: Offshore Wind · Country: Belgium · Announced: 2026-07-06

Sumitomo Corp. completed the sale of its equity stake in the Northwind offshore wind project off the coast of Belgium to a consortium called Publiwind, comprising Belgian investment firms. The transaction, subject to regulatory approval, is expected to close during FY26. Northwind, joined by Sumitomo Corp. in 2013, has been operational with stable performance contributing to Belgium's offshore wind expansion. Sumitomo Corp. has been involved in the project from development through construction to operation, achieving long-term profitability. The sale aligns with Sumitomo Corp.'s strategy to reallocate capital from mature assets to growth areas in renewable energy, particularly in Europe.

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