Sumitomo acquires stake in EEW Offshore Wind Holding 

Japan’s Sumitomo Corporation has acquired an equity stake in EEW Offshore Wind Holding, a move aimed at enhancing its monopile manufacturing capabilities for the offshore wind sector. This strategic partnership leverages Sumitomo’s expertise in the international steel market and EEW’s specialization in offshore wind energy infrastructure.

Sumitomo’s General Manager of Steel Products SBU, Takuro Horikoshi, emphasized the alignment of this investment with the company’s commitment to green transformation and the global shift to renewable energy. EEW Offshore Wind Holding, a German family-run business, has been reorganized into three new holding companies to better manage its business segments, including monopile production and mechanical engineering.

The partnership is expected to strengthen EEW’s position as a global market leader in offshore wind infrastructure, with Sumitomo’s investment reinforcing its capacity to handle large-scale projects. The transaction is pending approval from relevant EU authorities.

This collaboration follows Sumitomo’s continued interest in the renewable energy sector, including a recent consideration of a joint venture with JGC Japan Corporation for floating offshore wind power generation and plans to power a smart city in Hanoi, Vietnam, using solar and biomass energy.