Sumitomo Corporation Acquires 33.3% Stake in 1.5 GW Gwynt Glas Floating Offshore Wind Farm in UK Celtic Sea
Sumitomo Corporation has acquired a 33.3% equity interest in the Gwynt Glas floating offshore wind farm being developed by EDF Power Solutions and ESB in the UK Celtic Sea. The project has a planned capacity of up to 1.5 GW located approximately 40 km offshore, marking Sumitomo's first investment in a floating offshore wind project.
Transaction date: · Source: sumitomocorp.com
Key facts
- Transaction date
- Technology
- Offshore Wind
- Capacity
- 1,500 MW
- Transaction price
- Not disclosed
- Buyer
- Sumitomo Corporation
- Country
- United Kingdom
- Region
- Celtic Sea
- Location
- Approximately 40 km off the UK coast in the Celtic Sea
- Continent
- Europe
- Development status
- Under Development
- PPA
- n.a.
Technology details
Floating offshore wind farm with a planned generation capacity of up to 1.5 GW, located approximately 40 km off the UK coast in the Celtic Sea. Floating technology enables deployment in deeper waters unsuitable for conventional fixed-bottom turbines.
Additional information
Sumitomo Corporation acquires a 33.3% equity interest; EDF Power Solutions UK and Ireland and ESB remain as co-developers. This is Sumitomo's first investment in a floating offshore wind project. Sumitomo Corporation has been active in European offshore wind since 2014. The investment is undertaken under a 2025 MoU between Sumitomo and the UK's Office for Investment. Publication date not specified in source; please provide to complete the record.
Source
Original announcement: https://www.sumitomocorp.com/en/jp/news/release/2026/group/21350