Kansas City Power & Light purchases all of the zero-emission electricity and renewable energy certificates generated by the 131-megawatt (MW) Cimarron II facility under the terms of a 20-year agreement.
Duke Energy Renewables, a commercial business unit of Duke Energy (NYSE: DUK), sold a 50- percent stake in Cimarron II and the 168-MW Ironwood Windpower Project in Ford County to Sumitomo Corp. of America in April.
Duke Energy Renewables, part of Duke Energy’s Commercial Businesses, is a leader in developing innovative wind power and solar energy generation projects for customers throughout the United States. The company’s growing portfolio of commercial renewable assets includes 11 wind farms and 11 solar farms in operation in eight states, totaling more than 1,000 megawatts in electric-generating capacity.
Sumitomo Corporation of America (SCOA) is a wholly owned subsidiary of Sumitomo Corporation (SC), a Japanese integrated trading and investment enterprise engaged in multifaceted business activities with consolidated assets of $87.8 billion. These activities include selling a variety of domestic products and services, conducting import/export and trilateral business transactions, providing domestic and international business investment, and participating in numerous other profitable activities facilitated by its global network and the relationships of trust built with corporate business partners and consumers in various industrial sectors around the world. With a 400-year history, the Company continues its efforts in conservation for the environment through its renewable energy activities.