Japanese firm buys into U.S. wind farm
The 120-megawatt farm in Stanton, Tex., employs turbines developed by General Electric Co. General Electric and operator Invenergy LLC hold the remaining stakes.
The acquisition marks Sumitomo's entry into the U.S. wind power market as President Barack Obama's administration embarks on legislation that will require utilities to get as much as 15% of their power from renewable sources.
Sumitomo wants to focus its renewable energy business on wind and solar power, mainly in Japan and the United States, the company says.
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Germany shuts down its last three nuclear power plants
BERLIN - Germany is no longer producing any electricity from nuclear power plants.
Closures of the Emsland, Isar II, and Neckarwestheim II nuclear plants in Germany were expected. The country announced plans to phase out nuclear power in 2011. However, in the fall of 2022, with the Ukraine war constraining access to energy, especially in Europe, Germany decided to keep these existing nuclear reactors operating for an additional few months to bolster supplies.
“This was a highly anticipated action. The German government extended the lifetimes of these plants for a few months but never planned beyond that,” David Victor, a professor of…
