Sumitomo News

Japanese Wind Fans Bank Interest

ports and harbours have already begun to attract interest from domestic and international lenders.In February, Akita Offshore Wind, a special purpose vehicle of a Marubeni-led, all-Japanese consortium, became the first borrower in the sector, agreeing a ¥80bn 20-year financing.MUFG, Mizuho and Sumitomo Mitsui Banking Corp led the transaction, which funded 140MW of generating capacity in the Akita and Noshiro ports in Akita prefecture at a cost of about ¥100bn.A Green Power Investment Corp-led 104MW offshore wind farm in Ishikari Bay, Hokkaido, could be the next project to reach financial close

Image: ZTT

Offshore Wind Cable Market to Reach $3B

in countries like China, Japan and South Korea, seeking alternative energy sources to diversify their energy mix to reduce CO2 emissions. Strict public rules on energy efficiency are the other main drivers.The key players operating in the market include ZTT, Nexans, Prysmian, Furukawa, ABB, NKT, Sumitomo, LS Cable & Systems, Ningbo, and TF Kable among others. Major competitors focus on launching fresh products, purchases, advances in current products and technology and other policies to grow and reinforce their company portfolios

Photo: Silicon Sensing Systems Ltd

Silicon Sensing Expands MEMS Foundry in Japan

Sensing is an enabler for the transition from use of bulk piezo-electric to thin film, with the associated benefits of economy, size and power consumption.Silicon Sensing SystemsSilicon Sensing Systems Ltd is an inertial sensors and systems engineering company, jointly owned by Collins Aerospace and Sumitomo Precision Products.  The company was formed in 1999 and is, today, a market leader in silicon, micro electro-mechanical systems (MEMS)-based navigation and stabilization technology.  Approaching 40 million MEMS gyroscopes and accelerometers have been supplied to thousands of customers

(Photo: Airborne Oil & Gas)

Aker Solutions Buys Stake in Airborne

further strengthen, integrate and diversify its range of thermoplastic composite pipe (TCP) solutions for the international subsea sector.The global engineering company joins other shareholders Chevron Technology Ventures, Evonik Venture Capital, Saudi Aramco Energy Ventures, Shell Ventures, Subsea 7, Sumitomo Corporation and the private equity investor, HPE Growth Capital.Oliver Kassam, Airborne Oil & Gas CEO said,  “We have a very strong portfolio of organizations invested in the business, and the addition of Aker Solutions is significant as there are several areas where we can optimize

(Photo: Ørsted)

Race Bank Offshore Wind Farm Officially Opens

573 megawatts (MW) of green electricity from its 91 Siemens Gamesa 6 MW wind turbines. Many of these turbines feature the first blades to be manufactured at the Siemens Gamesa blade factory in Hull.Race Bank is owned by Ørsted (50 percent), Macquarie European Infrastructure Fund 5 (25 percent), Sumitomo Corporation (12.5 percent) and funds advised by the Green Investment Group, Arjun Infrastructure Partners and Gravis Capital Management (12.5 percent) and operated from Ørsted’s East Coast Hub in Grimsby, the U.K.’s largest offshore wind Operations and Maintenance (O&M) base

Photo: Silicon Sensing Systems

MTR100: Silicon Sensing Systems

the U.K., Silicon Sensing Systems produces low-cost highly reliable gyros. Having gained entry into the consumer car market, the company now produces up to 4 million devices per year, and more than 30 million to date. The company is now jointly owned by UTC Aerospace Systems, co-located in Plymouth, and Sumitomo Precision Products Amagasaki, Japan, bringing inertial expertise from the U.K./U.S. side, and silicon MEMS fabrication from Japan.   The patented construction of its silicon MEMS gyros – based on a vibrating ring – makes the Silicon Sensing Systems gyros highly resistant to shock

Courtesy MHI

JRI,MHI, INPEX Tie-up for METI's Feasibility Study

scheme of CCS-EOR and also examine the possible use of "Joint Crediting Mechanism" (JCM), the countermeasure for global worming promoted by the Government of Japan. Project Structure The feasibility study consortium appointed by METI will conduct the commissioned work in cooperation with Sumitomo Mitsui Banking Corporation (Head office: Chiyoda-ku Tokyo, President & CEO: Takeshi Kunibe, hereinafter referred to as "SMBC"). JRI:   Manage the commissioned work Draft the policies related to the Joint Crediting Mechanism Establish the methodology of GHG emissions reduction MHI:

The current Noordersluis lock was built in 1929

EIB Antes €165 Mln for Amsterdam Sea Lock

is expected to support economic activity both along the North Sea canal and for companies using the Port of Amsterdam, Europe’s fourth busiest port. Europe’s long-term investment institution will provide 33% of the debt financing for the project, alongside a consortium of banks including Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, UniCredit Bank, DZ BANK and KfW IPEX-Bank, whereas Rabobank is providing an equity bridge facility. The lock is procured as a public private partnership of the Dutch Ministry of Infrastructure and Environment through Rijkswaterstaat

MTR100: Silicon Sensing Systems Ltd.

for the next 50-plus years until the emergence of expensive laser and fiber-optic gyros with their enhanced reliability due to their solid-state non-rotating design. With Sperry Marine being subsumed into British Aerospace, Silicon Sensing Systems was formed in 1998 as a result of BAE Systems and Sumitomo cooperating to develop and produce the next generation of solid-state gyroscopes, based on a silicon MEMS construction.  Silicon Sensing Systems flourished, to enjoy a reputation for the production of low-cost highly reliable gyros.  It lead the entry into the consumer car market, producing

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