The Gwynt Glas project involves the development, construction, and operation of a floating offshore wind farm. This marks its first investment in a floating offshore wind project, although the company has previously participated in European offshore wind initiatives since 2014. Sumitomo Overseas Energy Solutions SBU general manager Jun Minase said: "We are delighted to join the Gwynt Glas project. Last month, Sumitomo agreed to divest its equity stakes in three offshore wind power projects off the Belgian coast as part of a wider strategy to reallocate resources. "Sumitomo buys 33.3% equity in UK's Gwynt Glas wind farm project" was originally created and published by Power Technology, a GlobalData owned brand.