Sumitomo Completes Sale of Three Belgian Offshore Wind Projects

Sumitomo Corporation has divested its stakes in three Belgian offshore wind farms (Northwind, Nobelwind, and Northwester 2) to JERA Nex bp and the Belgian consortium Publiwind.

Sumitomo Corporation has completed the sale of its stakes in the Nobelwind and Northwester 2 offshore wind projects to JERA Nex bp. Additionally, the company has agreed to sell its stake in the Northwind project to Publiwind, a consortium of Belgian investment firms. This final transaction is expected to close during fiscal year 2026. Sumitomo has been actively involved across all stages of these projects — from development and construction through to long-term operation. Over the years, it has delivered stable performance and strong profitability while playing a key role in the growth of offshore wind power in Belgium.

Sumitomo Corporation has consistently applied a strategic approach to capital allocation, tailored to the maturity of each business. The company balances monetizing value from mature assets with targeted investments in new growth opportunities. Moving forward, Sumitomo will continue to combine these strategies to drive sustainable long-term growth. Leveraging its extensive expertise and networks, the company remains committed to expanding its business development and investments in the renewable energy sector, particularly in Europe, thereby contributing to the transition toward a sustainable society. Regarding the three transactions, the profit from one has already been recorded in fiscal year 2025 results, while the impacts of the remaining two have been incorporated into the initial forecasts for fiscal year 2026.