Sumitomo to sell Northwind offshore wind project stake to Publiwind consortium
Type: Sale · Technology: Offshore Wind · Country: Belgium · Capacity: 216 MW · Announced: 2026-07-03
Sumitomo Corporation has agreed to sell its equity stake in the 216MW Northwind offshore wind project off Belgium to the Publiwind consortium. The transaction is subject to approval from relevant authorities and is scheduled for completion during fiscal year 2026. This sale is part of Sumitomo Corporation's plan to accelerate the transformation of its business portfolio by reallocating funds and management resources to growth areas. Sumitomo Corporation has been involved in the project from development and construction through to operation since 2013, achieving stable operations and profitability.
Counterparties
- Publiwind (Buyer)
- Sumitomo Corporation (Seller)