A consortium comprising EDF (40%), TotalEnergies (30%), and Sumitomo Corporation (30%) has been selected as a strategic partner by the Government of Mozambique for the Mphanda Nkuwa hydropower project (MNK). Located on the Zambezi River, near Cahora Bassa and Tete City, Mphanda Nkuwa hydropower project is envisaged as a 1,500 MW run-of-river hydropower project. The […]
In an effort to reduce carbon emissions from the alumina refining process, global mining group Rio Tinto and Japan’s Sumitomo Corporation have announced a partnership to construct a pioneering hydrogen plant in Gladstone, Queensland. The project, coined the Yarwun Hydrogen Calcination Pilot Demonstration Program, has secured a government co-funding of A$32.1 million from the Australian […]
AdaniConneX, a joint venture between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has successfully secured a $213 million senior debt facility to finance its ongoing data center projects in Noida and Chennai. This landmark financing deal marks the largest in India’s data center industry and paves the way for the implementation of a sustainable digital […]
Neoen, a French renewable energy producer, has moved ahead with the first tranche of 209MW of its Goyder South Stage 1 wind farm in Australia, following the completion of the financial close last month. Situated near Burra in the Mid North region of South Australia, the Goyder South Stage 1 wind farm will have a […]
Sumitovant Biopharma, a subsidiary of Japan-based Sumitomo Pharma (previously Sumitomo Dainippon Pharma), is set to take full ownership of Myovant Sciences, an American publicly-listed biopharma company, in a deal worth $1.7 billion. In this connection, Sumitovant Biopharma will offer a price of $27 per share in cash to acquire the remaining 48% stake that it […]
A consortium made up of GE, Sumitomo, Shikoku Electric Power and Sharjah Asset Management (SAM) have signed an agreement to develop, build and operate what will be the first independent combined cycle power plant in Sharjah, UAE, with a capacity of about 1,800MW. The gas-fired power plant, which will be built in Hamriyah, is targeted […]