NEW DELHI : Japan’s Sumitomo Mitsui Banking Corp. (SMBC), Asian Infrastructure Investment Bank (AIIB), and private equity firm Intermediate Capital Group (ICG) have committed to invest $250 million in Amp Energy India, the company’s chief executive officer and managing director Pinaki Bhattacharyya said. The transaction will soon be formally announced and the proceeds will be […]
REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation
The proceeds from this facility shall be utilised to fund power sector projects as permitted under the external commercial borrowing (ECB) guidelines of the Reserve Bank of India (RBI) State-run REC on Wednesday said that it has raised a USD 75 million (about Rs 561 crore) term loan from Sumitomo Mitsui Banking Corporation (SMBC). The […]
Sumitomo, 2 other Firms Invest in Singaporean Solar Power Provider
SINGAPORE : Three Japanese companies, including major trading house Sumitomo Corp., have invested in Sunseap Group Pte. Ltd. to help the Singaporean solar power provider expand its clean energy drives in Japan and other Asia-Pacific countries. The three, also including Shikoku Electric Power Co. and Sumitomo Mitsui Finance and Leasing Co., did not release their […]
AFRICA Highview Power raises $70m for renewable energy storage
Highview Power, a company specialising in electricity storage, has just raised 70 million dollars to distribute its solutions in Africa. The funds were raised from Janus Capital, the subsidiary of Janus Continental Group (JCG) Sumitomo Heavy Industries (SHI) and the Spanish group TSK. Highview Power launches its conquest of Africa. The storage system provider based […]
Sumitomo takes steps to source hydrogen from Australia and Oman
The Japanese manufacturer Sumitomo has signed a FEED contract with JSC Group to produce solar-powered green hydrogen in Gladstone, Australia. At the same time, Sumitomo also wants to source grey hydrogen from Oman, in a move that fosters competition among suppliers to Japan’s future hydrogen economy. Source : gastopowerjournal
SUMITOMO BEGINS WORK ON RENEWABLE HYDROGEN PROJECTS IN AUSTRALIA AND OMAN
Sumitomo Corp. (Tokyo) and JGC Corp. (Yokohama, Japan) which operates the overseas engineering, procurement, and construction (EPC) business of the JGC Group, have signed a Front-End Engineering and Design (FEED) contract for the hydrogen-related project planned by Sumitomo Corp. in Gladstone, Australia. Sumitomo is also partnering with ARA Petroleum LLC (Oman), an Omani oil and […]
Sumitomo enters ‘green hydrogen’ business in Australia
Sumitomo enters ‘green hydrogen’ business in Australia.Read More.. Source : nikkei
