The
deal
covers
the
168MW
Ironwood
and
131MW
Cimarron
2
projects.
It
is
expected
to
close
later
this
month.
Financial
terms
were
not
disclosed.
Plans
call
for
Duke’s
renewable
energy
unit
and
Sumitomo
to
complete
construction
of
both
projects
by
the
end
of
this
year.
Duke
will
operate
and
maintain
both
wind
farms,
while
Sumitomo
will
remain
actively
involved
in
management
of
the
projects.
The
two
companies
are
exploring
opportunities
to
finance
the
cost
of
constructing
and
operating
the
two
projects.
From
Duke’s
perspective,
the
joint-venture
will
allow
it
to
shift
capital
for
use…
