Duke Energy Renewables, a commercial business unit of Duke Energy, and SCOA will complete construction of both wind farms later this year. Duke Energy Renewables will operate and maintain Cimarron II and Ironwood wind farms once they are in service, with SCOA actively involved in management of the projects.
"Forging this new strategic partnership with Sumitomo – a strong global company – helps Duke Energy Renewables manage its capital deployment effectively and fuel continued growth in its wind and solar power businesses," said Duke Energy Renewables president Greg Wolf.
The deal between Duke Energy Renewables and SCOA is expected to close in April. In addition, the companies are exploring opportunities to finance the cost of constructing and operating the Cimarron II and Ironwood wind projects.
Duke, Sumitomo partner for Cimarron II and Ironwood wind farms
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