Sumitomo to divest stakes in three Belgian offshore wind projects
Key takeaways
- Sumitomo to divest stakes in three Belgian offshore wind projects Northwester 2 began operations in 2020 and has an installed capacity of 219MW.
- The Japanese company will sell its interests in Nobelwind and Northwester 2 to JERA Nex BP, an existing shareholder.
- The transfer includes Sumitomo's 30% share in Northwester 2 and its 39.02% holding in Nobelwind.
Sumitomo to divest stakes in three Belgian offshore wind projects Northwester 2 began operations in 2020 and has an installed capacity of 219MW. Credit: Lance Bellers/Shutterstock.com. · Power Technology · Lance Bellers/Shutterstock.com. Shree Mishra Fri, July 3, 2026 at 9:18 PM GMT+7 2 min read 8053.T BP.L Sumitomo has agreed to divest its equity stakes in three offshore wind power projects off the Belgian coast as part of a wider strategy to reallocate resources.
The Japanese company will sell its interests in Nobelwind and Northwester 2 to JERA Nex BP, an existing shareholder. This will raise JERA Nex BP's ownership of Northwester 2 to 100% and take its stake in Nobelwind to 80.1%.
The transfer includes Sumitomo's 30% share in Northwester 2 and its 39.02% holding in Nobelwind.